Lucid is the EV loss leader with $227,802

Lucid is the EV loss chief with $227,802

Ford Motor Co. misplaced $62,016 on each electrical automobile it bought throughout the third quarter of this 12 months. However this looks as if a business success compared Clear Motors, a maker of luxurious electrical vehicles. The EV startup on Tuesday reported a lack of $227,802 per automobile bought within the newest quarter.

Like many different electrical automobile startups, Lucid went public throughout the pandemic by merging with a clean test firm. In November 2021, it reached a staggering market worth of $91 billion regardless of having delivered solely 125 vehicles in its historical past. It has been downhill ever since. Lucid’s inventory worth has fallen 93% from its peak as losses mount.

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(Tags for translation) Automobiles

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