Short Sellers Circle as Lucid Burns Cash: Can LCID Survive the EV Storm?

EV fans know which companies are doing well and who are not. Unfortunately, one of the many EV companies struggling as of late is Lucid Group (NASDAQ:LCID). Despite a 60% correction in 2023, investors remain cautious about LCID stock. Lucid's delivery growth has disappointed because of ongoing production and delivery issues. High cash burn persists, necessitating continuous external financing. In 2023, operating losses totaled $3.1 billion, widening year-over-year. Q1 2024 saw operating losses of $730 milli ...