Tag: Automotive

Rivian reports a narrower-than-expected quarterly loss, reaffirms EV production target

Electric vehicle maker Rivian Automotive on Tuesday reported a first-quarter loss that was narrower than expected and said it’s still on track to meet a 50,000-vehicle production target for 2023.

Lucid’s Latest Loss Isn’t the Problem for the Stock. EV Pricing Is.

Lucid Group LCID shareholders have endured a lot lately. The company’s first- quarter earnings report highlighted a new problem—pricing—rather than offering relief.