Rivian, Lucid and other EV startups scramble to shore up cash and reassure Wall Street
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 ...