A General Motors factory for electric vehicles in Lake Orion, Mich. The company said this week that it would drastically cut the cost of electric vehicle batteries.
SpaceX’s blockbuster public offering on the Nasdaq in June helped make Elon Musk, who is also the chief executive of Tesla, the first person to be worth more than a trillion dollars.
Elon Musk’s company and other automakers, like Jaguar and Bentley, are trying to sell very expensive electric cars to people who usually prefer gasoline-fueled luxury and performance.
Sales of the Chevrolet Silverado were up, but the growth came from a light-duty version of the truck. Sales of heavy-duty Silverados slumped as Americans shift away from full-size pickups and S.U.V.s.
Hands-free driving in a Rivian. The automaker is among those offering systems that allow drivers to take their hands off the steering wheel on certain roads.
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