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Barchart
Barchart
Mohit Oberoi

Rivian, Lucid Plunge After Q4 Earnings: Is It 'Game Over' for EV Stocks?

Rivian Lucid Lucid Group RIVN Tesla Inc. LCID electric vehicle Interest Rates Lucid Motors United States

The fact that the electric vehicle (EV) industry is going through turmoil hasn’t exactly been a secret for the last several months. However, instead of getting better, things only seem to be worsening by the day for the once sought-after “sunshine industry.”

Yesterday, EV names Lucid Group (LCID) and Rivian Automotive (RIVN) released their respective Q4 earnings after the bell, and both stocks are sinking today. RIVN is down more than 24% in early trading, while LCID has given up nearly 13% intraday.

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