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Rivian, Lucid's 2024 production targets disappoint as EV demand wanes, ET Auto

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. ....

Peter Rawlinson , Vitaly Golomb , General Motors , Wall Street , Rv Demand , General Motors ,

Rivian stock tanks to all-time low after job cuts, slash in production outlook

Electric adventure vehicle maker Rivian reported fourth quarter results after the bell on Wednesday. ....

United States , Dan Levy ,