Shares in Rivian and Lucid plummeted 15% and 8% respectively after the announcements - the latest signs of a slowdown in EV demand flagged by automakers including Ford, General Motors and market leader Tesla. The plateauing demand sparked a price war last year as companies drained margins to woo customers.
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Peter Rawlinson , Vitaly Golomb , Porsche , Mercedes , Reuters , General Motors , Wall Street , Rivian , Tesla , Rv Demand , Ford ,
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