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.
July 21, 2024
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