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Why EV Startups Rivian, Lucid Are Crashing Premarket Today - Lucid Gr (NASDAQ:LCID), Rivian Automotive (NASDAQ:RIVN)
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2 Articles
2 Articles
Why EV Startups Rivian, Lucid Are Crashing Premarket Today - Lucid Gr (NASDAQ:LCID), Rivian Automotive (NASDAQ:RIVN)
Rivian beat revenue expectations but missed production targets, guiding for 57,000 units in 2024, significantly lower than analysts' estimates.
·New York, United States
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EV startups Rivian and Lucid adjust 2024 production forecasts amid market challenges
Electric vehicle (EV) startups Rivian and Lucid have adjusted their production forecasts for 2024, citing challenges in the market landscape and persistent borrowing costs hindering consumer adoption of battery-powered cars. Rivian, backed by Amazon, announced a 10 per cent reduction in its workforce and revealed plans for a production shutdown to upgrade efficiency and cut costs.
·Noida, India
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Total News Sources2
Leaning Left0Leaning Right0Center2Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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