This Shows Why Lucid Investors Could Be Waiting a Long Time for Big Returns

Lucid's Q1 report showed that the company is making progress. It also reminded us that big growth is still a long way off. At first glance, luxury electric vehicle maker Lucid Group's (LCID 11.03%) first-quarter earnings report, delivered after the markets closed on May 6, was a mixed bag. While its revenue beat Wall Street estimates, it lost more money than expected. It still has a decent amount of cash on hand, but its capital expenditures were huge. And over 30 months after production of Lucid's much- ac ...