Shares of electric vehicle companies tumbled Monday following the apparent failure of President Joe Biden's "Build Back Better" plan that includes significant incentives for the growing sector. The stocks of EV start-ups such as Lordstown Motors, Faraday Future and Nikola all shed more than 7% Monday.

There have been three recent Chevy Bolt EV fires, two within the past 2 weeks. One in May which had the temporary recall, another July 1st which had the final software update in Vermont, and another with the final update in New Jersey in the past week or so.

Tesla has been ordered to pay 136,000 kroner ($16,000) each to thousands of customers in Norway for slowing down charging speeds, according to Nettavisen via Electrek . A 2019 software update was found to have affected the battery life in Tesla Model S vehicles manufactured between 2013 and 2015, sparking a complaint by dozens of Norwegian Tesla owners to the country's conciliation council, according to Nettavisen.

Uber's first-quarter earnings report released Thursday - its first since the ride-sharing company went public on May 10 - disclosed more than the financial condition of the company. It also opened a window on the economic reality of the ride-sharing business.