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Lucid Motors Is Burning Through Cash at an Alarming Rate — and Its Saudi Lifeline May Not Be Enough
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Lucid Motors Is Burning Through Cash at an Alarming Rate — and Its Saudi Lifeline May Not Be Enough
Lucid Group Inc. has a problem that no amount of luxury branding or aerodynamic engineering can fix. It’s running out of money faster than it can sell cars. The Newark, California-based electric vehicle maker, once heralded as a serious challenger to Tesla in the premium EV segment, now faces what analysts and investors are calling the most precarious stretch in its brief public history. Deliveries are falling short of expectations, losses are w…
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