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Is It Time to Give Up on Lucid?
LCIDLucid (LCID) The Motley Fool·2024-04-08 07:02

With Fisker collapsing, many investors are wondering which company could fall next -- is it time to give up on Lucid?It's been a rough go for electric vehicle (EV) start-ups lately, Lucid Motors (LCID -1.51%) included. The company has cut production forecasts numerous times, slashed prices on its only vehicle, reported a widening net loss during the fourth quarter, and barely delivered 6,000 vehicles in 2023.Combine those factors with a macroeconomic environment of high interest rates and slowing EV demand, ...