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Rivian, Lucid tumble as analysts grow wary of lackluster growth, new product timelines

Shares of Rivian and Lucid hit new all-time lows on Thursday after reporting quarterly results that disappointed the Street and raised concerns that the pure-play EV makers are not evolving quickly enough, particularly with EV demand slipping.

Rivian s $6 4 billion cash burn might be a tech record

The electric-truck maker had a very expensive 2022 and 2023 isn’t likely to be much better.

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