REE Automotive (NASDAQ:REE) reported adjusted quarterly losses of $(0.07) per share which beat the analyst consensus estimate of $(0.11) by 36.36 percent. This is a 22.22 percent increase over losses of $(0.09) per share from the same period last year.
As Rivian And Lucid Struggle, Elon Musk Says Volume Production, Achieving Positive Cash Flow Are ‘Insanely Hard’
Amid production pangs experienced by electric vehicle startups that include Lucid Group, Inc. (NASDAQ: LCID) and Rivian Automotive, Inc.