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Competitors have rushed into the electric truck market, including the Ford F-150 Lightning and Rivian Automotive’s R1T.
Governments risk failing to meet vehicle decarbonisation targets if they ‘put all their eggs in one basket’ with battery-electric vehicles, Ineos Automotive’s boss has said.
Most likely, this removal is based on Rivian Automotive’s deteriorating market capitalization.
Source: https://investorplace.com/2023/06/dont-count-on-a-comeback-for-rivn-stock/
O’Reilly Automotive’s revenue for the quarter was up 10.8% on a year-over-year basis.
Without a doubt, these purchase orders have bolstered Mullen Automotive’s bottom line.
Source: https://investorplace.com/2023/05/buy-muln-stock-3-compelling-reasons-mullen-can-make-a-comeback/