12 Jul 2025 | Abstracted from Motley Fool
"It's hard to be an EV producer. Over the last decade, more than 30 EV start-ups have either faced bankruptcy or quietly disappeared...Lucid is a prime example of this challenge. After nearly 20 years of operation, the company remains unprofitable"For years, EV manufacturers in the U.S. have accumulated a variety of federal and state regulatory credits for selling nonpolluting vehicles...last quarter, Lucid generated $31.5 million in revenue
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