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Rivian and Lucid earnings show EV makers going in different directions

Por: MarketWatch Business November 08, 2023

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“We believe these changes will meaningfully reduce our material costs and position Rivian to exit 2024 with a much improved margin profile,” Chief Financial Officer Claire Rauh McDonough told analysts. In contrast, luxury EV maker Lucid Group lowered its projections for vehicles this year to between 8,000 and 8,500, down from 10,000, Its shares fell 4.2% in after-hours trading. Lucid said its forecast was taking into account the vehicles it... + full article



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