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The company can't survive without more capital, and even then it's hard to see how the company gets to a sustainable position. Lucid's stock isn't a buy now, and I don't see a recovery ahead.
Lucid Motors partnered with Electrify America (EA) in 2019 to use their nationwide charging network as an option for recharging Lucid's electric vehicles on the road. [ 79 ] [ 80 ] The Lucid Air is able to add up to 300 miles (480 km) in 20 minutes (or 200 miles in 12 minutes) when using the station's 350 kW charging capability, where that ...
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Can Lucid win the luxury battle? Lucid's third-quarter earnings provide a glimmer of hope. Vehicle deliveries jumped 91% year over year to 2,781, while the company's revenue increased 45% to $200 ...
Lucid Motors CEO Peter Rawlinson used to work for Elon Musk as VP of engineering at Tesla. REUTERS/Caitlin O'Hara The CEO of Tesla rival Lucid had a scathing assessment of the EV market in the US.
With its shares down 52% since the start of the year, Lucid Group (NASDAQ: LCID) seems to be a falling knife. Unlike EV-industry leader Tesla, which is up 28% since President-elect Donald Trump's ...
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Lucid ended the quarterly period with about $4.3 billion of total liquidity, though. With the new investment on top of that, Lucid now has some time to try to drive a successful launch of the Gravity.