Revenue for the full year 2023 improved to $44.5 million from $36.4 million in 2022. Xos achieved positive gross margins in the third and fourth quarters of 2023.
Carvana’s Stock and Bonds Languish Amid Bankruptcy Quivers
The used car retailer that bought the ADESA auction group this year blames high used car prices and rising interest rates for sinking consumer demand.