\t\tI have read, and agree to the \t\t\t\tTerms of Use \n\t\t\t\t \t\t\t\t<\/span> \n\t\t\t\t \t\t\t\t \t\t\t\t<\/form>\n<\/section>\n\nLucid\u2019s CEO and CTO, Peter Rawlinson, dared to paint his picture as a good one: \u201cWe look forward to exciting new products in the second half of this year, including the planned start of production of the Lucid Air Sapphire and the Lucid Air Pure Rear Wheel Drive, plus the highly anticipated unveiling of our new SUV, Lucid Gravity, forthcoming in November.\u201d<\/p>\n
Lucid\u2019s shares are down over 70% in the past two years. Tesla\u2019s are 6% higher.\n\t\t<\/p>\n
\nLarge car companies already have gambled that EVs are the future. Their total investment to be part of this future is in the tens of billions of dollars. Not all companies will be winners, but they will flood the market nevertheless. And each has huge product development, dealer network and marketing. Most have iron-clad balance sheets.<\/p>\n
No matter how one views it, there is no room for Lucid.<\/p>\n
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Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
Electric vehicle maker Lucid Group Inc. (NASDAQ: LCID) showed again why it would not be one of the winners in the crowded EV segment. Its […]<\/p>\n","protected":false},"author":3,"featured_media":133910,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\nLucid Crash Continues - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/lucid-crash-continues\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lucid Crash Continues - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Electric vehicle maker Lucid Group Inc. (NASDAQ: LCID) showed again why it would not be one of the winners in the crowded EV segment. 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