Rivian, Lucid, & Nikola Facing 'EV Winter' Challenge? Reportedly Struggling With Cost-Cutting Strategies To Boost Cash

This week, Rivian Automotive, Inc. (NASDAQ:RIVN), Lucid Group, Inc. (NASDAQ:LCID), and Nikola Corporation (NASDAQ:NKLA) leaders outlined strategies to cut costs, expand operations, and achieve profitability.

BenzingaMay 11 01:37

Nikola Down Nearly 7%, On Pace for Record Low Close -- Data Talk

Nikola Corporation (NKLA) is currently at $0.54, down $0.04 or 6.81% --Would be new all-time low (Based on available data back to June 11, 2018) --Would be first new record closing low since June 6,

Dow JonesMay 11 01:08

Rivian, Lucid and Other EV Startups Scramble to Shore up Cash and Reassure Wall Street

Rivian, Lucid and Nikola this week each detailed plans to reduce costs while attempting to grow operations and make their first profits. The efforts have ranged from job cuts and production changes to supplier rearrangements and shifting priorities. All three of the high-profile EV startups are near 52-week or all-time lows.

CNBCMay 10 21:55

Deutsche Bank Trims Nikola Price Target to $1 From $1.50, Maintains Hold Rating

Nikola (NKLA) has an average rating of outperform and price targets ranging from $1 to $3, according to analysts polled by Capital IQ.

MT NewswiresMay 9 22:15

Nikola Corporation (NASDAQ:NKLA) Q1 2024 Earnings Call Transcript

Yahoo FinanceMay 9 03:50

What's Going On With Nikola Stock Today?

Nikola Corporation (NASDAQ:NKLA) shares are trading lower on Wednesday.The company announced the opening of its latest HYLA high-pressure modular refueling station and facility in Southern California.

BenzingaMay 8 22:11