Tue, 21-Oct-2025

Rivian will discuss layoffs at a meeting as Tesla will eliminate 229 workers

Rivian

 Rivian Automotive will brief employees on potential layoffs. Plans to suspend some programs.  Tesla will permanently shut its office in San Mateo, California. It will lay off 229 employees. Rivian Automotive (RIVN.O) will brief representatives on Friday on expected cutbacks and plans to suspend a few projects as a component of a more extensive rebuilding, … Read more

Major U.S. lithium processing factory being planned by Albemarle

Albemarle

Albemarle aims to build a processing plant with 100,000 tonnes of annual capacity in the U.S. Southeast somewhere within rail access of a major port. The company already supplies Tesla Inc (TSLA.O), as well as several other major automakers. Albemarle plans to self-fund the facility, though it could apply for U.S. Department of Energy loans. … Read more