Rivian's on-again, off-again electric vehicle factory in Georgia is back on track, despite loss of the $7,500 EV tax credit.

EV maker Polestar evidently wants to scoop up buyers who are over Tesla.

Is Tesla's reign over? Discover how BYD has overtaken Tesla as the world's leading electric vehicle maker amid political controversies and changing market dynamics.

Rivian delivered 26,450 vehicles in Q1 2026 (+18% YoY), beating consensus by ~7.8% (Apr 2, 2026); R2 SUV launch remains scheduled for H2 2026, keeping execution risk elevated.

By Alexandra Ulmer (Reuters) -Tesla executive and a confidant of CEO Elon Musk, Omead Afshar, has left the company, according to a person familiar with the matter. Afshar, who was part of the CEO’s office at Tesla (NASDAQ:TSLA), had started overseeing sales and manufacturing operations in Europe and North America last year. Demand has tumbled, especially in Europe and North America, for the company’s aging line-up of vehicles as Musk embraced right-wing politics and amid heightened competition from Chinese rivals. Last year, Tesla underwent a sweeping leadership shakeup as Musk’s efforts to trim costs and pivot strategy to focus on self-driving technology and robotics led a wave of executive departures. Several top executives left Tesla amid restructuring and layoffs, including CFO Zach Kirkhorn, chief battery engineer Drew Baglino, and Rebecca Tinucci, who led the Supercharging division. Tesla and Musk did not immediately respond to Reuters requests for comment, while emails to Afshar were not delivered.

BYD (+95% YoY) and VinFast (+90% YoY) sold ~170,000 EVs in Southeast Asia in 2025, capturing ~7% of a 2.4m-car market and pressuring Japanese incumbents (Nikkei, Mar 27, 2026).

(Reuters) -Lucid missed Wall Street expectations for second-quarter deliveries on Wednesday, hit by softer demand for its luxury electric vehicles as consumers grapple with economic uncertainty and higher costs. The company delivered 3,309 vehicles in the quarter, compared with estimates of 3,611 vehicles, according to seven analysts polled by Visible Alpha. Demand for Lucid (NASDAQ:LCID)’s pricier luxury EVs have been softer as consumers, pressured by high interest rates, shift towards cheaper hybrid and gasoline-powered cars. U.S. President Donald Trump’s tariff policy has led to a rise in vehicle prices as manufacturers struggle with high material costs, forcing them to reorganize supply chains and produce domestically. Lucid’s interim CEO Marc Winterhoff had said in May that the company was expecting a rise of 8% to 15% in overall costs due to new tariffs. With LCID making headlines, savvy investors are asking: Is it truly valued fairly? In a market full of overpriced darlings, identifying true value can be challenging. InvestingPro's advanced AI algorithms have analyzed LCID alongside thousands of other stocks to uncover hidden gems. These undervalued stocks, potentially including LCID, could offer substantial returns as the market corrects. In 2024 alone, our AI identified several undervalued stocks that later surged by 30 or more. Is LCID poised for similar growth? Don't miss the opportunity to find out.