BofA updates ratings on Rivian, Lucid, GM, and Ford. EV startups face headwinds from slower adoption, while traditional giants like GM and Ford benefit from regulatory changes favoring gas-powered trucks and SUVs.
Lucid reports Q4 revenue of $523M (beat estimates), adjusted loss $3.08/share (miss), 2026 production guidance 25K-27K vehicles amid EV demand slowdown.
Uber unveils autonomous robotaxi with Lucid and Nuro at CES, powered by Nvidia tech. Bay Area launch planned for 2026 with testing already underway.
Lucid Group reports Q4 2025 deliveries of 5,345 vehicles, surpassing estimates as new Gravity SUV helps offset expired tax credits and weakening demand for premium EVs.
Rivian shares surge to nearly 2-year high as analysts praise custom autonomous driving chip and affordable AI features, positioning company as potential #2 EV player in North America.
Morgan Stanley downgrades Rivian to Underweight, keeping a $12 price target. The firm expects the EV slowdown to continue through 2026 while showing more confidence in traditional engines and hybrids.
