PURE EV AUTOMAKERS RIVIAN, LUCID FACE GROWING CHALLENGES AMID Q3 RESULTS
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✍️ Rivian and Lucid, two electric vehicle manufacturers, are set to report third-quarter results, with investors expecting growth in revenue and narrowed adjusted earnings losses. However, challenges persist, including increasing costs, slower forecasted sales, and regulatory changes.
👉 Rivian and Lucid are set to report third-quarter results 👉 Investors expect growth in revenue and narrowed adjusted earnings losses 👉 Challenges persist, including increasing costs, slower forecasted sales, and regulatory changes 👉 Rivian has cut vehicle production guidance and lowered adjusted earnings and gross profit expectations for 2025 👉 Lucid has also cut production guidance and is expected to report a loss
-- #TomNarayan #RJScaringe #MarkDelaney #DanLevy #MarcWinterhoff #SanFrancisco #Detroit #Vancouver #LagunaBeach #California #business
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