Re:EV startups from Lucid to Rivian see demand fade, supply ...
by steveBK123 on Wednesday March 01, 2023 @12:41PM
(#34985475)
Yes, and the only reason the stock isn't already 0 is that people expect the Saudis to buy out the rest.
Did you know the entire company is really controlled by the king of Saudia Arabia? That's a fun fact buried deep in the investor docs. Perhaps he and the company don't care if it's successful? Maybe they'd even like it to fail.