In recent years, Tesla's rivals Rivian (RIVN), Lucid (LCID) and Fisker (FSR) have been in the limelight, with huge market capitalizations and hopes for the future.。Today, however, these companies face serious challenges, with the electric car industry slowing down, and even market leader Tesla warning of difficulties in the coming months.。

Rivian announced disappointing quarterly results and outlook last month, announcing it would cut about 10 percent of its workforce, and its market value plummeted to $11 billion from a 2021 peak of $153 billion.。

Keane Munster, managing director of Deepwater Asset Management, sees the possibility of Apple acquiring Rivian, arguing that its low valuation could be the answer to Apple's foray into new markets.。However, Tesla CEO Elon Musk was pessimistic about Rivian's prospects, suggesting the company could go bankrupt in six quarters.。

At the same time, Lucid's market value has fallen sharply, well below its all-time high.。The company announced that it will only produce about 9,000 electric vehicles this year, far below previous expectations.。Fisker's market value has also fallen sharply, and the company has faced a number of challenges, including a persistently low share price, regulatory scrutiny and product quality issues.。

Fisker in advanced partnership talks with Nissan, financial bailout。Under the agreement, Nissan will invest $400 million in Fisker's truck platform and start producing its planned Alaska pickup truck from 2026.。

Despite the difficulties, these companies remain confident。Fisker CEO Henrik Fisker said he believes the company will be able to emerge from the downturn in the electric vehicle industry and look to the future。