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Start-up electric vehicle maker Lucid faces cash burn, supply chain issues, and competition, despite raising $1bn and exceeding Q2 deliveries.
3 Things That Could Burn Lucid Investors: Lucid, the start-up electric vehicle maker, faces cash burn, supply chain issues, and competition. Despite raising $1bn and exceeding Q2 deliveries, it lacks profits from gasoline vehicles to support unprofitable EVs. Supply chain disruptions and fierce competition with Tesla and other established players pose risks.
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