Rivian, Lucid, & Nikola Facing 'EV Winter' Challenge? Reportedly Struggling With Cost-Cutting Strategies To Boost Cash
benzinga.com/markets/equities/24/05/38767313/rivian-lucid-nikola-facing-ev-winter-challenge-reportedly-struggling-with-cost-cutting-strategie
This week, Rivian Automotive, Inc. RIVN, Lucid Group, Inc. LCID, and Nikola Corporation NKLA leaders outlined strategies to cut costs, expand operations, and achieve profitability.
These strategies involve various measures, including workforce reductions, production adjustments, supplier changes, and strategic realignments, CNBC reported.
Wall Street analysts describe the…
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