Laurence Iliff

CEO Elon Musk said the pickup beats rivals in towing capacity and acceleration. Musk delivered the first Cybertrucks to customers at the automaker's Austin, Texas, factory.

The Gravity is a key vehicle for Lucid, which has received industry acclaim for its leading EV range and performance.

The EV maker forecasts 2023 production at 54,000 units, a 2,000-unit increase. The company narrowed its Q3 net loss to $1.37 billion from a net loss of $1.72 billion a year earlier.

The California-based startup cut its 2023 production forecast in August because of manufacturing issues and reduced the Ocean EV's price by $7,500 in October for the top Extreme trim.

Tesla remains the dominant EV player in the U.S., with about half of the segment, but sales of three of its four models fell in the third quarter despite price cuts, Cox Automotive said.

After making 5,000 crossovers, Fisker is adding staff and locations in Europe and the U.S. Bank of America sees the Ocean as a strong product but worries about Tesla's aggressive EV pricing.

Only 10 percent of Tesla owners leave the brand for another EV. Top choices include Rivian, Mercedes-Benz and BMW. The coming Cybertruck offers another reason to stay with Tesla, analysts say.

The industry evolution toward EVs is bringing exciting new models from startups such as Fisker and VinFast, while legacy stalwart VW adds some buzz with an EV minivan.

Gruner, the former CEO of Porsche Cars North America, resigned in July after less than three years on the job. His title at Rivian is chief commercial officer and president of business growth.

With Tesla's latest price cuts, the Model X crossover now starts $90,130 including shipping, with just 433 km of range.

The Alaska is billed as the lightest electric pickup truck ever engineered and assembled. A carbon fiber sports car, the Ronin GT, will top Fisker's lineup.

After posting a second-quarter net loss of $764.2 million, Lucid Motors reiterated its 2023 production goal of 10,000 Air sedans after delivering 2,810 in the first half of the year.

Fisker said a capacity constraint at one supplier was holding back the Ocean crossover, which launched in the U.S. and Europe in June to a small number of reservation-holders.

John Krafcik has also served on the board of TrueCar. "His expertise in manufacturing engineering and automotive technology will be a valuable addition," said Rivian CEO RJ Scaringe.

CEO Elon Musk says the Cybertruck beats rivals in space utility. It's shorter than a Ford F-150 with a longer bed. And it's longer than a Rivian R1T with far more space overall.