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Luxury Electric Vehicle Startup Loses Over $500,000 on Every Vehicle It Sells

Electric vehicle maker Lucid is not in the fast lane to profitability based on a new report. Lucid, which targets the luxury end of the EV market, reported it brought in $150.9 million after selling 1,404 vehicles in quarter 2 and expects to hit its production goal of at least...

Electric vehicle maker Lucid is not in the fast lane to profitability based on a new report. Lucid, which targets the luxury end of the EV market, reported it brought in $150.9 million after selling 1,404 vehicles in quarter 2 and expects to hit its production goal of at least…

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