LCID – The News Desk

U.S. stocks extended their rally after the inflation data were made public, with the S&P 500 and Dow both rising 0.5% and the Nasdaq gaining 0.7%.

13Dec

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World

U.S. stocks extended their rally after the inflation data were made public, with the S&P 500 and Dow both rising 0.5% and the Nasdaq gaining 0.7%.

S&P 500 Rises to Highest Level Since January 2022

13Dec

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Money

S&P 500 Rises to Highest Level Since January 2022

Consumer prices rose 3.1% in November from the year prior in line with economist expectations.

12Dec

By adminNo Comments

World

S&P 500 Rises to Highest Level Since January 2022

Consumer prices rose 3.1% in November from the year prior in line with economist expectations.

Why Smaller EV Batteries Could Be the Next Big Thing

7Dec

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World

Why Smaller EV Batteries Could Be the Next Big Thing

Lucid Group CEO Peter Rawlinson sees an alternative to bigger batteries and longer range

10Nov

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Health

Lucid’s $227,802 EV Loss Leader

Ford Motor Co. lost $62,016 on each electric vehicle it sold during this year’s third quarter. But that looks like a business success compared to Lucid Motors, the luxury electric-vehicle maker. On Tuesday the EV startup reported losing $227,802 per car sold in the latest quarter. Like several other EV startups, Lucid went public during the pandemic through a merger with a blank-check company. In November 2021, it reached a stunning market value of $91 billion despite having delivered only 125 cars in its history. It’s been downhill since. Lucid’s stock price has fallen 93% from its peak as losses mount.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Rivian Plans to Make More EV Trucks, SUVs in 2023

8Nov

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World

Rivian Plans to Make More EV Trucks, SUVs in 2023

Updated Nov. 7, 2023 7:01 pm ETElectric-vehicle startup Rivian Automotive raised its production forecast for the year and said losses narrowed in the third quarter, as the company tries to increase output after a choppy two-year launch. Rivian also said Tuesday it was no longer required to sell its electric delivery vans exclusively to Amazon.com and was in talks with other potential customers. The companies were negotiating an end to the exclusivity part of their agreement after the online retailer’s order came in at the low end of a previously communicated range, The Wall Street Journal reported in March. Amazon owns a nearly 17% stake in Rivian. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

GM Delays Opening of Electric-Truck Factory Amid Cooling EV Demand

17Oct

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World

GM Delays Opening of Electric-Truck Factory Amid Cooling EV Demand

Updated Oct. 17, 2023 2:07 pm ETGeneral Motors is delaying the opening of a large electric-pickup-truck factory in Michigan, the latest sign that the auto industry’s enthusiasm around EVs is starting to wane as sales growth for these models slows.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

VinFast's Rise and Fall Burns Investors in Familiar SPAC Pattern

14Sep

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Money

VinFast's Rise and Fall Burns Investors in Familiar SPAC Pattern

The deals are more accessible to everyday investors than traditional initial public offerings.

14Sep

By adminNo Comments

Money

VinFast's Rise and Fall Burns Investors in Familiar SPAC Pattern

The deals are more accessible to everyday investors than traditional initial public offerings.

EV Startup Lordstown Files for Bankruptcy

27Jun

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World

EV Startup Lordstown Files for Bankruptcy

The electric-truck maker was once cheered by investors during the SPAC boom and lauded by former President Donald Trump as a savior for a closed GM factory in Ohio.