Electric car industry faces challenges: Rivian cuts jobs, Lucid struggles, and Musk predicts bankruptcies
In a major setback for the EV industry, Rivian has laid off 10% of its workforce, further indicating the unpredictable nature of the sector. Meanwhile, Lucid’s production woes continue, with Musk predicting further bankruptcies among EV start-ups. Industry experts weigh in on the challenges and resilience of the EV market.