Quick Read – Lucid burned $3.8B in free cash flow against $1.35B in revenue in 2025, while Rivian’s cash reserves shrank from $4.81B to $2.85B. – Stellantis posted a $22.33B net loss for FY2025 as CEO Filosa admitted the company over-estimated the pace of the energy transition….
Tesla leads with a $1.4T market cap, but Q4 2025 deliveries fell 16% and prediction markets heavily doubt its near-term robotaxi and Optimus timelines. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Tesla didn’t make the cut. Grab the names FREE today
Morning Brew Daily’s July segment framed the U.S. electric vehicle industry in stark terms. They argued that Lucid (NASDAQ: LCID), once valued at $91 billion, is now worth just $2.87 billion, while Rivian (NASDAQ: RIVN) has fallen from a peak near $150 billion to roughly $25 billion. The guest analyst on the show argued that both pure-play startups are “one boardroom decision at another company away” from collapse, and that neither company is expected to turn cash flow positive before 2030.
The numbers back the framing. Lucid: A Saudi-Funded Life Raft Lucid closed at $7.36 on July 17, leaving the stock down 76.41% over the past year and 97.99% below its November 2021 level. Revenue is scaling.