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The latest Budget introduces major financial changes, including frozen income tax thresholds, new EV road taxes, reduced cash ISA allowances for under 65s, and increased minimum wages.
QuantumScape (QS) reported $12.8 million in customer billings for Q3, signaling progress toward revenue. The solid-state battery maker also narrowed its EBITDA loss guidance and began shipping advance
General Motors raised its profit forecast for the year, leading to a nearly 10% stock surge, after scaling back its near-term electric vehicle production plans.
Lithium Americas stock surged 23% after the U.S. government announced a 5% stake in the company and its Nevada lithium mine. Meanwhile, Meta Platforms and Netflix shares declined.
A federal tax credit offering up to $7,500 for new electric vehicles is expiring on September 30, causing a rush of last-minute buying at dealerships.
Lithium Americas stock surged nearly 200% from its yearly low after reports that the U.S. government is seeking an equity stake in the mining firm.
Chinese EV maker BYD confirms plans for a third European factory as part of a strategy to localize all production for the continent within three years.
Tesla is navigating declining sales and profit margins by focusing on a long-term strategy of scaled production to lower vehicle costs and building recurring revenue.
QuantumScape has begun shipping its first commercial-level solid-state battery prototypes, a key step toward revolutionizing the electric vehicle market.
