• World
  • Business
  • Technology
  • Finance
  • Entertainment
  • Sports
  • World
  • Business
  • Technology
  • Finance
  • Entertainment
  • Sports
No Result
View All Result
US Sharks
No Result
View All Result
Home Business

EV startups from Lucid to Rivian see demand fade, supply chain issues linger

James Hill by James Hill
March 12, 2024
in Business
0
EV startups from Lucid to Rivian see demand fade, supply chain issues linger
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

SAN FRANCISCO, March 1 (Reuters) – U.S. electric vehicle startups are seeing an unsettling trend, with demand evaporating as potential customers look for deals or hold off on purchases altogether.

Quarterly reports from several companies indicated weakening interest for many of their newer products, a bad sign for companies wrestling with high costs.

Luxury sedan maker Lucid (LCID.O), pickup and SUV maker Rivian (RIVN.O) and electric semi truck maker Nikola (NKLA.O) all flagged economic pressure, with industry experts saying price cuts by industry behemoth Tesla and the availability of cheaper EV models from traditional automakers sapped demand for the startups’ new vehicles.

EV startups from Lucid to Rivian see demand fadeAn exception was Fisker (FSR.N), which has barely kicked off production of a $37,499 SUV. That is one of the cheapest prices in the EV group, and Fisker, which has produced only 56 vehicles so far, saw orders improve.

The Model Y from Tesla <TSLA.O> retails for at least $54,990 after recent price cuts, Rivian’s R1S SUV is priced around $78,000 and Lucid sells its Air Pure sedans for about $87,400.

Shares of Rivian fell about 13%, while those of Lucid, Nikola and Fisker were down between 2% and 4%. Tesla was trading 1.3% lower.

Tags: EV startups from Lucid to Rivian see demand fade
James Hill

James Hill

James simplifies finance, crypto, and the stock market. His articles help readers stay smart and confident with money matters.

Related Posts

24Rox
Business

24Rox: Lucknow’s Leading Website Design & Digital Marketing Agency | SEO, Ecommerce & Social Media Experts

July 9, 2025
SEOSpidy
Business

SEOSpidy: Affordable SEO Company in Delhi-NCR | Best Digital Marketing Services for Noida, Gurgaon & Faridabad

June 20, 2025
SEOSpidy
Business

SEOSpidy Emerges as India’s Premier Digital Marketing Powerhouse with Hyperlocal Services Across Delhi-NCR

June 16, 2025
Next Post
Coinbase Wins Supreme Court's Favor in Arbitration Dispute

Coinbase Wins Supreme Court's Favor in Arbitration Dispute

India’s Azista BST’s satellite to be orbited by SpaceX’s Falcon 9 rocket

India’s Azista BST’s satellite to be orbited by SpaceX’s Falcon 9 rocket

US banking concerns widen and interest rates climb again, plus other economy stories you need to read this week

US banking concerns widen and interest rates climb again, plus other economy stories you need to read this week

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Protist Unveiled: Exploring the Microscopic Marvels of Life

Protist Unveiled: Exploring the Microscopic Marvels of Life

2 years ago
Stevie Nicks Net Worth 2023: A Glimpse into the Fleetwood Mac Queen’s Fortune

Stevie Nicks Net Worth 2023: A Glimpse into the Fleetwood Mac Queen’s Fortune

2 years ago
Jared Leto Cult – The Truth Behind the Myth

Jared Leto Cult – The Truth Behind the Myth

1 month ago
5 Reasons Why you Must Visit Europe

5 Reasons Why you Must Visit Europe

3 years ago

Categories

  • Business
  • Entertainment
  • Finance
  • Sports
  • Technology
  • World

Topics

Alberta's Power Landscape and the Miami Dolphins Andy Cole Antares Reach Grant Program Asher Laub Banks in India and Indonesia Set to Win Bride of Chucky Costume Champagne Color Conquering the Australian Open with Tennis Maestro Dino Prižmić Dead Hendrix Dead Hendrix and Yungcudii Decoding the Formulas of Johnson & Johnson and Procter & Gamble Delta Air Lines • Earnings • NYSE:DAL • Ed Bastian Dmitry Bivol vs. Gilberto Zurdo Ramirez Exploring the Synergy of Technology and Innovation in the Heart of San Diego Fiddlers Dream Productions Games Done Quick: Speedrunning for a Cause Grifols Plasma Donor Hub Harnessing the Winds Down Under Hawaii Rainbow Warriors Men's Volleyball Illithid in Dungeons & Dragons 5e Is Dan Levy Gay? Jason Momoa and Johnny Depp Kansas City Chiefs Leonardo DiCaprio Net Worth 2024 Megacon 2024 Mercedes Hoyos Monmouth Cardiology Mustang Natural Gas Generators NFL Betting Extravaganza Nicolas Cantu Nuclear Power: Illuminating the Path to Sustainable Energy Path Tracing: Revolutionizing Visuals in Call of Duty 4: Modern Warfare Rolex Deep Sea Rope Lights • Christmas Lights • Light-emitting diode SEO Services SEOSpidy Shaheen Afridi Taylor Swift Transocean: Navigating the Waves of NYSE - A Deep Dive into NYSE Travis Kelce Westlake Dermatology Yule Log Dreamlight Valley Yungcudii
No Result
View All Result

Highlights

Grigor Dimitrov Net Worth 2025: A Look at the Bulgarian Tennis Star’s Fortune

The Complex Bond: Jennette McCurdy Mom

Rob Love Island: A New Fan Favorite Shakes Up the Villa

Bill Hader: A Brilliant Blend of Comedy, Drama, and Creative Genius

SEOSpidy: Affordable SEO Company in Delhi-NCR | Best Digital Marketing Services for Noida, Gurgaon & Faridabad

SEOSpidy Emerges as India’s Premier Digital Marketing Powerhouse with Hyperlocal Services Across Delhi-NCR

Trending

24Rox
Business

24Rox: Lucknow’s Leading Website Design & Digital Marketing Agency | SEO, Ecommerce & Social Media Experts

by Diana Paine
July 9, 2025
0

Website Designing company in Lucknow 24Rox delivers exceptional digital experiences as your premier website designer in Lucknow: Custom...

Jasper Philipsen: Sprint Sensation of Modern Cycling

Jasper Philipsen: Sprint Sensation of Modern Cycling

July 8, 2025
Bradley Beal Wife: All About Kamiah Adams-Beal and Their Life Together

Bradley Beal Wife: All About Kamiah Adams-Beal and Their Life Together

July 8, 2025
Grigor Dimitrov Net Worth 2025: A Look at the Bulgarian Tennis Star’s Fortune

Grigor Dimitrov Net Worth 2025: A Look at the Bulgarian Tennis Star’s Fortune

July 8, 2025
The Complex Bond: Jennette McCurdy Mom

The Complex Bond: Jennette McCurdy Mom

July 2, 2025

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc.

Follow us on social media:

Recent News

  • 24Rox: Lucknow’s Leading Website Design & Digital Marketing Agency | SEO, Ecommerce & Social Media Experts
  • Jasper Philipsen: Sprint Sensation of Modern Cycling
  • Bradley Beal Wife: All About Kamiah Adams-Beal and Their Life Together

Category

  • Business
  • Entertainment
  • Finance
  • Sports
  • Technology
  • World
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions
  • Remove News
  • Sponsored & Guest Post

All Rights Reserved © 2022. US Sharks

No Result
View All Result
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions
  • Remove News
  • Sponsored & Guest Post

All Rights Reserved © 2022. US Sharks

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?