Lucid Group produced only 2,110 vehicles and delivered 2,394 last quarter, highlighting low production. With a loss of $375,000 per vehicle, financial viability is questionable.
Lucid's sedans are pricey at around $75,000, contrasting with the $45,000 average price of new combustion-engine vehicles in the U.S., impacting market competitiveness.
Intense competition in the U.S. EV market, with Tesla holding 49% market share, presents a significant challenge alongside concerns about battery range, charging infrastructure, and pricing.
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