The supplier industry's recovery will take several years and supplier bankruptcies will increase over the next 12 months.

Tesla's CEO says in an Automotive News interview that he believes plants could one day be 1,000 times more efficient, thinks "zero" about J.D. Power surveys and admits the company had problems getting the paint on its cars right.

Backed by Robert Bosch and Agnelli's Iveco unit, Nikola, like Tesla, is a highly valued company that has yet to make money and is fronted by a very vocal CEO.

The government says it will present the coronavirus aid package, worth over $29 billion, in August.