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Published 2 months ago

Why EV Startups Rivian, Lucid Are Crashing Premarket Today - Lucid Gr (NASDAQ:LCID), Rivian Automotive (NASDAQ:RIVN)

Summary by Ground News
Rivian Automotive and Lucid Group plummeted in premarket trading on Thursday. Rivian beat revenue expectations but missed production targets. Lucid missed revenue expectations and offered weak delivery guidance of 9,000 units, reflecting production challenges. The company also announced a 10% workforce reduction.

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