"Rivian and Lucid Stock Prices Plummet Amid EV Concerns"

Shares of electric vehicle startups Rivian and Lucid hit all-time lows after Ford slashed prices on its electric pickup truck, sparking concerns about the impact of an industrywide price war on EV margins. The move reflects a broader trend of carmakers, including Tesla, lowering prices to stimulate demand. This development poses a significant challenge for unprofitable startups like Rivian and Lucid, potentially delaying their path to profitability and eroding their cash reserves.