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Rivian, Lucid and other EV startups scramble to shore up cash and reassure Wall Street
LCIDLucid (LCID) CNBC·2024-05-10 13:55

In this articleNKLARIVNLCIDR1T trucks on the assembly line at the Rivian electric vehicle plant in Normal on April 11, 2022. Brian Cassella | Tribune News Service | Getty ImagesOnce-hot electric vehicle startups — years ago fueled by low interest rates, free cash and Wall Street bullishness — are now scrambling to prove they can survive in tougher market conditions. That is if they haven't gone bankrupt already.Chief among their talking points: cash.Executives of Rivian Automotive, Lucid Group and Nikola Co ...