Overview
- Toyota's stock climbs 32% year to date, outperforming Tesla which sees a 33% decline amid production and shipping challenges.
- Ford's sales grow 6.8% in the first quarter, with hybrid and electric vehicles leading the surge, marking the company's best quarter ever in hybrid sales.
- Toyota benefits from a favorable emissions policy and a global price war in the EV market, positioning itself strongly against competitors.
- Fisker faces mounting challenges with a third NHTSA probe into the Ocean SUV, casting shadows over its future in the electric vehicle space.
- General Motors begins shipping cells for its EVs from the new battery plant in Tennessee, signaling a ramp-up in its electric vehicle production.