EVs are quickly becoming the market’s perennial laggards as the entire industry continues to contend with sluggish demand and a veritable onslaught of competition, particularly from China. Against this stark backdrop, while some companies such as Lucid Group are relying on their cash-rich benefactors, particularly the Saudis and their virtually bottomless pockets, others like Fisker are likely to go belly up as the market’s scythe hones in on its weakling entities. What a day in EV land…$TSLA downgraded as delivery estimates drop.$LCID gets another $1 billion from the Saudis.$FSR says the automaker that could have entered a saving transaction has […]
Read full article at https://wccftech.com/trouble-in-ev-land-fisker-stock-hits-8-cents-per-share-while-lucid-group-receives-a-fresh-cash-injection-from-the-saudis/
