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.
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. Gross margins likely improved to a negative 51.3% from negative 58.6%.
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