Rivian, Lucid tumble as analysts develop cautious of ‘lackluster’ progress, new product timelines

Rivian, Lucid tumble as analysts develop cautious of ‘lackluster’ progress, new product timelines

Shares of Rivian (RIVN) and Lucid (LCID) hit new all-time lows on Thursday after reporting quarterly outcomes that disillusioned the Road and raised considerations that the pure-play EV makers will not be evolving rapidly sufficient, significantly with EV demand waning.Rivian stated it sees automobile manufacturing for 2024 hitting 57,000 items, effectively under the 80,000 items anticipated....