Rivian, Lucid Eye Record Lows as Ford Price Cut Fans EV Concerns

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Shares of electric vehicle startups Rivian Automotive Inc. and Lucid Group Inc. are staring down all-time lows Thursday after Ford Motor Co. slashed prices on its electric pickup truck.

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EV Maker Lucid Surges on $1 Billion Lifeline From Saudi InvestorLucid Group Inc. is getting a $1 billion cash injection from its biggest investor, an affiliate of Saudi Arabia’s Public Investment Fund, providing the troubled electric carmaker with a needed lifeline. Shares surged in premarket trading.
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