Rivian and Lucid to report Q4 earnings as the once-hot startups face cooling EV demand

Rivian and Lucid to report Q4 earnings as the once-hot startups face cooling EV demand

February 20, 2024
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Rivian and Lucid cut vehicle prices in February even as both burn through cash. The startups once had higher market valuations than GM or Ford but are now worth a small fraction of their market peaks.

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