EV startup Lucid (LCID) just received another $1 billion investment from Saudi Public Investment Fund (PIF) affiliate Ayar Third Investment Co. The new funding will help support the launch of ...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Last week, I recommended “5 Stocks to Buy as Interest Rates ...
Lucid is one of several EV startups hit hard by the slowdown in demand growth and a price war sparked by Tesla. Lucid is raising USD 1 billion in capital from an affiliate of Saudi Arabia's Public ...
The drive to electrify personal cars in California has, at best, hit a rough patch. The big question is whether current ...
Bankrupt commercial EV startup Arrival has sold some of its assets, including advanced manufacturing equipment to Canoo, another struggling startup trying to build and sell electric vehicles.
Canoo, like many other electric vehicle startups, is struggling to survive. And as is often the case in the early days of a company, expenditures exceed revenue. But one cost in particular stood ...
The EV maker reaffirmed its guidance for annual production of 57,000 vehicles for the 2024 calendar year, but didn't break ...
Tesla is in trouble: Its product line is aging. Sales are stalling. Top executives are fleeing. The stock price is down. The first wave of new Cybertrucks is riddled with quality problems.