Shares of Rivian and Lucid hit new all-time lows on Thursday after reporting quarterly results that disappointed the Street and raised concerns that the pure-play EV makers are not evolving quickly enough, particularly with EV demand slipping.
General Motors' self-driving car unit Cruise is preparing to resume testing its robotaxis on public roads with safety drivers in the coming weeks, with Houston and Dallas as potential locations, Bloomberg News reported on Thursday. Cruise suspended its U.S. operations in October after an incident in San Francisco, where one of its robotaxis dragged a pedestrian struck by another car. The company is meeting with officials in select markets to "gather information, share updates and rebuild trust," the spokesperson said.
Here is how General Motors Company (GM) and Oshkosh (OSK) have performed compared to their sector so far this year.