Rivian Lays Off 10% Of Body of workers As Fellow EV Startup Lucid Manufacturing Forecast Underwhelms. Elon Musk Expects Bankruptcies.
EV startup shares Rivian (RIVN) and Lucid (LCID) sank early Thursday after each firms reported fourth-quarter profits and earnings overdue Wednesday, and introduced they aren’t ramping up manufacturing in 2024. X Rivian