Key Points
Aug 3 (Reuters) - U.S. electric vehicle startups are expected to show the impact of Tesla's price war when they report quarterly results over the next few days, with investors awaiting details on how the companies are managing cash amid a funding drought...
Even market leader Tesla (TSLA.O) has warned of "turbulent times" and traditional automakers with deeper pockets including Ford Motor (F.N) are losing money on EVs..
Companies including Lucid (LCID.O) and Nikola (NKLA.O) are likely to report another quarter of steep cash burn, as they continue to struggle with production and demand...
The company's cash outflow likely slowed to $1.19 billion in the second quarter, down by about $600 million from the January-March period, according to 13 analysts polled by Visible Alpha..
However, that may still not be enough to meet its funding needs, analysts have said.. Fisker (FSR.N), which has healthy cash reserves and an aggressive profitability goal, is expected to report on Friday its first revenue from vehicle sales after the firm started deliveries of its Ocean SUVs in the June quarter...
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