The Briefing Room

General Category => Science, Technology and Knowledge => Topic started by: Elderberry on August 11, 2023, 12:21:02 am

Title: EV startup Lucid is losing over $500,000 for every car it sells
Post by: Elderberry on August 11, 2023, 12:21:02 am
Yahoo News by Nora Naughton August 8, 2023

•   Lucid's second quarter earnings fell short of expectations after per-vehicle losses went viral.

•   2023 is a make-or-break year for startups like Lucid.

•   Analysts are still optimistic about the second half of 2023.

It's a tough time to be an electric-vehicle startup, and luxury brand Lucid is no exception.

More: https://news.yahoo.com/ev-startup-lucid-losing-over-153717797.html (https://news.yahoo.com/ev-startup-lucid-losing-over-153717797.html)