https://techcrunch.com/2022/08/30/nikola-lucid-latest-ev-spacs-trying-to-raise-cash/

Two EV manufacturers are seeking cash infusions this week to bring their delayed vehicles to market.

Nikola, a Phoenix-based electric truck maker, said in a securities filing Tuesday that it plans to raise funds through a $400 million stock offering. Luxury EV company Lucid filed a day prior for the right to issue up to $8 billion in new stock over the next three years.