Transportation

Musk mulling more price cuts for Tesla models

Tesla CEO Elon Musk is considering lowering the cost of Tesla vehicles as the company puts an emphasis on sales over profits, in hopes the self-driving software will boost margins.

Ford cuts prices on F-150 Lightning truck

Ford is lowering the price of its F-150 Lightning as plant capacity picks up, the cost of raw materials for batteries falls, and internal efforts are employed to scale production.

Kia to invest $200M in Georgia EV plant

South Korean automaker Kia will spend $200 million on its West Point, Georgia, facility to begin production of an electric-powered SUV, the company said Wednesday.

Amazon-Rivian deal sends shares to new high

Rivian shares hit a new high after Amazon announced it was taking the auto company’s technology to Europe with first rollouts in Munich, Berlin and Düsseldorf, Germany.