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Lucid Stock Closes at Record Low After Falling 5.6% on October 30

Lucid shares ended Friday, October 30, at a record closing low of $3.02, leaving the EV maker’s stock down more than 71% so far this year. The close came in below the previous record low of $3.10 from October 19 as investors weighed Lucid’s weak deliveries, its funding needs and its upcoming November 9 earnings report.

Rivian R2 Becomes Best-Selling Model as Automaker Raises Delivery Outlook

Rivian’s R2 has already become the company’s best-selling vehicle by volume, overtaking the R1T, R1S and electric delivery van during the third quarter. The milestone comes just months after customer deliveries began and has prompted the automaker to raise the baseline of its 2026 delivery forecast as it prepares for a larger production ramp.

Toyota bZ Closes In on Hyundai Ioniq 5 as US EV Rankings Shift

The Tesla Model Y remains America’s best-selling electric vehicle in 2026, but Toyota’s bZ is emerging as a stronger contender in the race among non-Tesla models. The Hyundai Ioniq 5 still ranks among the country’s leading EVs, although its sales have weakened sharply.

BMW Electric M3 to Feature Simulated Gear Shifts and Artificial Sound

BMW M Chief Executive Officer Frank van Meel confirmed in a video interview published Monday, October 26, that the division’s upcoming battery-electric M3 sedan will pair synthesized soundtrack cues with virtual gearshifts. Slated to enter production in Munich in 2027 on the Neue Klasse architecture, the quad-motor sports sedan is being engineered to give track drivers audible and tactile feedback.

Rivian’s August EV Registrations Rose 33% as Electric Van Demand Surged

The company ranked second behind Tesla, with its electric vans helping offset a steep decline in R1S registrations.

Trump Administration Slashes 2031 CAFE Target to 34.9 MPG

The previous standard was projected to reach 50.4 mpg, meaning the new rule substantially reduces the fuel economy target automakers will have to meet.

Honda to End Prologue EV Production as Automaker Shifts Focus to Hybrids

Production of Honda’s only battery-electric model sold in the U.S. is scheduled to end in December, marking another major shift in the company’s broader turnaround strategy following its first annual loss as a public company.

Report Says U.S. Clean Energy Policy Rollbacks Could Cost More Than 111,000 Jobs

According to the analysis, canceled or delayed projects could affect more than 111,000 jobs while putting billions of dollars in planned investment at risk.

Slate Reveals $24,950 Electric Pickup As Future Rival To Ford’s Affordable EV Truck

The minimalist electric pickup is expected to compete with Ford’s upcoming affordable EV truck, though both companies have suggested the vehicles will target different buyers due to differences in size, features, and capability.

Lucid Cuts 18% Of U.S. Workforce As COO Departs And Cost-Saving Efforts Intensify

The company expects the restructuring plan to generate roughly $158 million in annualized savings and confirmed that Chief Operating Officer Marc Winterhoff has departed effective immediately, with the COO position being eliminated.

Lucid Suspends Forecast After Revenue Miss and Gravity Delivery Disruption

The company said the problem has been resolved, with orders and deliveries rebounding in March as production and demand trends improved.

Rivian Reveals New R2 Variants as CEO Teases Expanded EV Lineup

The automaker plans to start deliveries around June, with analysts emphasizing that a successful launch is critical to expanding Rivian’s reach beyond its premium lineup.

Uber Takes 11.5% Stake in Lucid to Power Robotaxi Expansion

The investment, totaling over 37.75 million shares, adds to Uber’s growing financial and operational commitment to Lucid.

Polestar Targets Tesla Owners With $21,000 EV Discount Push

The Swedish EV maker targeted current Tesla owners with additional bonuses, making the latest round of discounts even more aggressive than last year.

Rivian Beats Q1 Delivery Estimates as EV Demand Stabilizes

The company delivered 10,365 vehicles in Q1, outperforming forecasts and reinforcing confidence ahead of its upcoming R2 launch.

Ford EV Sales Drop 52% in Q4 2025 amid Demand Challenges

The automaker delivered 14,513 EVs in Q4, marking a 52% drop year-over-year, as all three of its electric models posted lower sales.

GOP Bill Could Add $250 Yearly Fee for EV Owners

The proposal comes amid broader policy shifts that have already impacted EV demand in the U.S., including the recent end of the federal consumer tax credit.

Volvo to Discontinue EX30 in U.S. After Tariffs Raise EV Pricing

The development was confirmed in a report by Business Insider, citing a company statement.

Hyundai Drops Regular Ioniq 6 in America but Performance N Model Survives

The company confirmed that its EV sedan lineup moving forward will focus solely on the high-performance Hyundai Ioniq 6 N, which is expected to arrive later in limited numbers.

Chevy Equinox EV Scores Below Segment Average in J.D. Power 2026 Study

New data from J.D. Power shows the Chevrolet Equinox EV trailing much of its competition in owner satisfaction.