Lucid Group: Bearish Signals in an Unsustainable Business

Once a super-hyped $90 billion electric vehicle maker, Lucid Group Inc. (LCID, Financial) now faces extreme skepticism from the markets as it struggles to achieve a sustainable business in a market that looks very different compared to three years ago. However, despite these advantages, Lucid is far from achieving sustainability and has become a cash-burning machine funded by Saudi Arabia. It targets a niche luxury EV market, but struggles with profitability, losing over $100,000 per vehicle, reporting a $6 ...