From $100K Loss Per Car To Cosmos — Lucid’s High-Stakes Bet On Cheaper EVs
Lucid is envisioning a Tesla-like growth story, complete with a cheaper midsize vehicle pushing up volumes and subsequently, profitability. LCID stock gained about 33% this week after it dismissed rumors of an impending bankruptcy filing or take-price deal earlier this week. Lucid incurred a gross loss of around $100,800 per vehicle delivered in Q1. The … Read more