Lucid: Business Strategy, Profitability, Prospects, All Falling Out Of Place

jetcityimage/iStock Editorial via Getty Images Lucid (NASDAQ:LCID) was once hailed as the next Tesla or BYD because of its plan to conquer the EV market with its luxurious and technologically more advanced specifications, backed by the Saudi sovereign fund. But for an EV maker to out-compete Tesla, it first has to be able to compete. Lucid is far from that, with its under 2,000 unit quarterly sales and losing money on each car sold. The investment sentiment towards the company is divided – bullish says  ...