Get access to our best features
Get Started
Subscribe
Israel-Hamas Conflict
Kamala Harris
Paris Olympics
Donald Trump
Olympics
US Politics
Democratic Party
Joe Biden
US Economy
Republican Party
US Crime
FBI
US Social Issues
Get access to our best features
Get Started
Published 5 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.

0 Articles

All
Left
Center
Right
BenzingaBenzinga

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.

5 months ago·New York, United States
Read Full Article
WIONWION

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.

5 months ago·Noida, India
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe
Ground News Article Assistant
Not enough coverage to generate an Article Assistant.

Bias Distribution

  • 100% of the sources are Center
100% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)
Stories disproportionately reported by the Left or the Right

Similar News Topics

RivianRivian
Electric VehiclesElectric Vehicles
Stock MarketsStock Markets
StartupsStartups
Irvine, CaliforniaIrvine, California
US EconomyUS Economy
Trending Topics
Ground News logo
App Store IconPlay Store Icon
CompanyAboutHistoryMissionBlogTestimonialsGroup SubscriptionsSubscribeGiftFree TrialCareersAffiliates
HelpHelp CenterFAQContact UsFor Educators/LibrariesMedia Bias RatingsOwnership and Factuality RatingsReferral CodeNews SourcesTopics
ToolsAppBrowser ExtensionDaily NewsletterBlindspot Report NewsletterBurst Your Bubble NewsletterTimelines
DonatePrivacy PolicyManage CookiesTerms and Conditions
© 2024 Snapwise Inc.
News
For You
Search
BlindspotLocal