EV Startups Face Growing Pains But Remain Confident Despite Stock Slumps
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Rivian, Lucid, and Fisker's values have plunged from 2021 highs amid a growth slowdown in the EV sector. Rivian is cutting jobs and costs to avoid bankruptcy.
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Speculation that Apple or Amazon could acquire struggling Rivian given its low valuation now.
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Lucid predicted 90k vehicles by 2024 but will only produce 9k this year. Saudi Arabia considered buying the remainder of Lucid.
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Fisker faces delisting risks and is reportedly in talks for a $400M investment from Nissan to build its Alaska pickup.
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Despite struggles, EV startups express confidence they can survive the "general EV slump."