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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 (NASDAQ: LCID) has been making electric vehicles for a few years and, like many EV start-ups, is working hard to build a brand, ramp up production, and carve out a niche in an increasingly ...
Lucid still has a lot to prove, but I believe its stock could finally bottom out if it achieves its near-term goals. Declining interest rates and any positive developments for the sluggish EV ...
Lucid is still trying to build its business, an effort that requires a material capital investment. The spending on building a new business often leads to red ink on the bottom line.
Fortunately, Lucid management revealed last year that three new mass market models are in the works, with production slated to begin in late 2026 -- just as the EV market is expected to reach an ...
Lucid began building its first all-electric Lucid Air sedan in Arizona in September 2021, and deliveries began in late October. [35] Lucid produced 7,180 vehicles in 2022, [36] lower than expected, with the company citing supply chain issues. [37] [38] Lucid produced 8,428 vehicles in 2023, meeting the higher end of company guidance. [39]
That means that Lucid's business is poised to burn through a lot of cash over the next several years, which is why the company continues raising funds. ... the stock is still expensive. Lucid ...
Lucid's Q1 report showed that the company is making progress. It also reminded us that big growth is still a long way off. This Shows Why Lucid Investors Could Be Waiting a Long Time for Big Returns
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