Lucid has struggled in the face of a faltering EV market, compounded by Ford's decision to halt production of its F-150 Lightning, highlighting industry instability.
Ford's recent $1 billion loss in its EV division, coupled with the cancellation of the F-150 Lightning, underscores the growing challenges facing new entrants like Lucid.
For Lucid, which recently raised $1.7 billion, the financial runway is limited. In contrast, Ford's diverse operations cushion its EV losses, raising survival questions for smaller players.
With Lucid's production and delivery numbers remaining dismal, investors brace for another weak earnings report, prompting concerns about its long-term viability in a shrinking market.
Collection
[
|
...
]