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Rivian Stock Plummets as Ford's Price Cut Raises EV Worries

1 min read
Source: Bloomberg
Rivian Stock Plummets as Ford's Price Cut Raises EV Worries
Photo: Bloomberg
TL;DR Summary

Shares of electric vehicle startups Rivian and Lucid hit record lows as Ford's price cut on its electric pickup truck raises concerns about a wider industry price war, impacting profit margins and potentially delaying profitability for unprofitable startups like Rivian and Lucid.

Topics:business#businessfinance#electric-vehicles#ford#lucid#rivian#stock-market
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  1. Rivian, Lucid Eye Record Lows as Ford Price Cut Fans EV Concerns  Bloomberg
  2. Why Rivian Stock Got Wrecked Today  Yahoo Finance
  3. From $179 to $10, Can Rivian Stock (NASDAQ:RIVN) Make a Comeback? - TipRanks.com  TipRanks
  4. Rivian Stock Is in Line for a Record-Low Close. Blame Ford.  Barron's
  5. Rivian Stock's Make-or-Break Moment: New SUVs to the Rescue?  InvestorPlace

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