Pure EV automakers Rivian, Lucid face growing challenges amid Q3 results
1. Lucid and Rivian face challenges amid demanding market conditions. 2. Both companies expect to report third-quarter losses, albeit narrowed. 3. Lucid's vehicle deliveries increased 47% but still expect significant gross loss. 4. Federal EV credit removals hinder revenue potential for both manufacturers. 5. Future product developments crucial for growth amidst increasing competition.