Electric vehicle manufacturers struggle financially—struck by exorbitant prices
The soaring cost of raw materials and production means that every time Lucid Group Inc. (LCID.O) or Rivian Automotive Inc. (RIVN.O) sells an electric vehicle, they lose hundreds of thousands of dollars, according to their most recent earnings reports.Electric vehicle (EV) manufacturers’ quarterly reports from the last two weeks reveal that they are having difficulty […]