Rivian lowers earnings guidance after missing Wall Street’s third-quarter expectations

Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  Joel Angel Juarez | Reuters Rivian Automotive lowered its earnings forecast for the year after missing Wall Street’s third-quarter expectations, including a significant miss in revenue. Here’s how the company performed in the quarter, compared with… Continue reading Rivian lowers earnings guidance after missing Wall Street’s third-quarter expectations

Lucid slightly tops Wall Street’s third-quarter expectations amid widening losses

Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images Lucid Group slightly beat Wall Street’s third-quarter expectations as the electric carmaker cuts costs ahead of plans to begin consumer production of a new SUV by the end of… Continue reading Lucid slightly tops Wall Street’s third-quarter expectations amid widening losses