Reported 1 day ago
Lucid Motors, an emerging electric vehicle manufacturer, is gradually increasing production of its luxurious cars but is expected to remain a money-losing start-up a year from now. Despite delivering 38% more vehicles in Q2 2025 compared to the previous year, Lucid's output of just 3,309 units is minuscule next to industry giants like Tesla. With continued financial losses and substantial spending to boost production, Lucid is likely to face significant challenges before achieving sustainable profitability.
Source: YAHOO