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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' technological advantage sets it apart, but it has been a long and arduous journey for the automaker. When the company first went public, it projected that vehicle sales would be ...
In fact, with Lucid hitting three consecutive quarterly records for deliveries, the company has now let consumers take the wheel of over 7,100 Lucid EVs in 2024, already easily topping the company ...
Lucid also has a more affordable midsize electric SUV that will start under $50,000, not including shipping, and it will be the first of at least three midsize EVs, with production expected in ...
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.
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 ...
Mainstream automakers live in a capital-intensive industry that dictates lower-margin business. This is why, historically, Detroit automakers have made their money with larger SUVs and trucks.
The biggest headwind for long-term Lucid investors will be cash burn. We can extrapolate the company's third-quarter operational loss of $770.5 million to an annual loss of about $3 billion.