Warning Signals for Rivian, Lucid, and Tesla Investors

Wednesday, 20 March 2024, 20:48

The electric vehicle (EV) industry faces challenges as demand disappoints, leading to concerns for EV manufacturers. Fisker's potential bankruptcy serves as a cautionary tale for other companies like Rivian and Lucid. While Tesla stands out as profitable, uncertainties loom over the prospects of other EV players achieving sustainability and profitability independently. Travis Hoium delves into the implications in this analysis.

https://store.livarava.com/f7e4ced6-e6fb-11ee-968c-5254a2021b2b.jpe — Warning Signals for Rivian, Lucid, and Tesla Investors

Massive Warning for Rivian, Lucid, and Even Tesla Investors

EV companies are starting to hurt as demand fails to live up to expectations. EV start-up Fisker (NYSE: FSR) may need to file for bankruptcy before ever reaching scale, and that's a warning to other EV manufacturers. It's expensive to build out manufacturing, and only one company has reached profitability -- that's Tesla (NASDAQ: TSLA). It's not clear that Rivian (NASDAQ: RIVN), Lucid (NASDAQ: LCID), or any other company will reach scale and profitability in EVs on its own, which Travis Hoium covers in this video.

*Stock prices used were end-of-day prices of March 15, 2024. The video was published on March 20, 2024.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Massive Warning for Rivian, Lucid, and Even Tesla Investors

*Stock prices used were end-of-day prices of March 15, 2024. The video was published on March 20, 2024.

Related posts