AD #4291 - Hybrid Popularity Surges as Gas Prices Rise; BMW, Daimler, Lucid Post Big Q1 Earnings Drop; Rivian Eyes In-House Lidar with Chine
Major automakers like BMW, Daimler, and Lucid experienced substantial Q1 earnings declines, coinciding with a surge in hybrid vehicle popularity driven by rising gas prices. Rivian is also considering in-house lidar production.