Advertisement
UK markets close in 8 hours 1 minute

  • FTSE 100

    8,092.37
    +51.99 (+0.65%)
     

  • FTSE 250

    19,629.00
    -90.37 (-0.46%)
     

  • AIM

    754.79
    +0.10 (+0.01%)
     

  • GBP/EUR

    1.1660
    +0.0015 (+0.13%)
     

  • GBP/USD

    1.2496
    +0.0033 (+0.27%)
     

  • Bitcoin GBP

    51,440.54
    -2,079.52 (-3.89%)
     

  • CMC Crypto 200

    1,390.36
    +7.79 (+0.56%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CRUDE OIL

    82.93
    +0.12 (+0.14%)
     

  • GOLD FUTURES

    2,333.70
    -4.70 (-0.20%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,300.88
    +99.61 (+0.58%)
     

  • DAX

    18,019.72
    -68.98 (-0.38%)
     

  • CAC 40

    8,082.53
    -9.33 (-0.12%)
     
Property:

How to sell your home

Top tips from property investors

Why Arrival Plunged More Than 35% Today

Billy Duberstein, The Motley Fool
·3-min read
Why Arrival Plunged More Than 35% Today

Shares of Luxembourg-based electric vehicle maker Arrival (NASDAQ: ARVL) plunged more than 35% today as of noon ET, following its third-quarter earnings release this morning. The electric vehicle maker is coming on hard times, as funding has dried up in this market environment, while the company still needs more cash to fund the initial production ramp. In response, Arrival is now cutting certain products and focusing on its highest-profit opportunities in order to extend its runway before running out of cash; however, even that new strategy comes with trade-offs, including delaying revenue into 2024.

Continue reading