Seth Wenig/AP
Courtesy Sergio Avedian

Uber and Lyft will pay drivers a combined $328 million as part of a settlement that the companies unlawfully withheld pay and benefits including paid sick leave in New York state. As part of the settlement, New York drivers for the ride-hailing companies are now guaranteed minimum hourly wages, and paid sick leave,…
Jefferson Siegel/Reuters

Not even Elon Musk’s Tesla—which was touted as a vehicle manufacturing unicorn meant to dent the climate crisis—can withstand those pesky macroeconomic trends. Tesla’s valuation has just fallen as the electric vehicle market seriously cools down.

As the years have ticked on, electric vehicles have become more and more accessible to the general public. However, some companies in the EV business are rethinking their investments in the tech.