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.
2023 production well below analyst estimates on Tuesday, citing nagging supply chain shortages, sending shares down 8% in after-hours trading.
Venture capitalist Cassie Bowe, a partner at Energy Impact Partners, sees demand picking up from next year as the current sentiment forces EV makers to cut prices and introduce lower-priced models this year, and as the supply chain improves.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rivian shares fall as supply chain snarls hamper production forecastRivian Automotive Inc on Tuesday forecast 2023 production well below analysts' estimates as it grapples with lingering supply chain bottlenecks, and announced a recall of more than 12,700 vehicles, sending its shares down more than 8%.
Read more »
How Margaret Josephs stays ‘lucid’ during ‘RHONJ’ fights with Soirée and BFF Lexi‘The Real Housewives of New Jersey’ star Margaret Josephs stopped by the Page Six studio with her business partner, Lexi Doll, to open up about their friendship and new business, Soirée…
Read more »
Rivian Burning Through Cash, Demand Is A Concern Going ForwardOn the heels of its Q4 earnings, Rivian is struggling with cash and the demand for its EVs. It doesn't look like it's going to get easier in the near term.
Read more »
Rivian R1T, Mini Cooper Electric owners happiest with their EVsThe J.D. Power 2023 U.S. Electric Vehicle Experience (EVX) Ownership Study shows Rivian R1T and Mini Cooper Electric owners are the happiest.
Read more »
Rivian R1T And Mini Cooper SE Top JD Power US EV Experience StudyThe Rivian R1T earns the top score overall and overtakes the Tesla Model 3 in the premium segment. Meanwhile, the Cooper SE grabs the win for mass-market EVs.
Read more »
Rivian trucks and Minis are the most satisfying electric vehicles, study findsThe Rivian R1T and Mini Cooper Electric were the highest-ranked models on J.D. Power's 2023 U.S. Electric Vehicle Experience Ownership Study.
Read more »