Elon Musk Again Says He Thinks Lucid Will Go Under via insideevs.com
Even so, the PIF isn’t wavering on its financial support of Lucid, and it’s not like the fledgling automaker isn’t making money - it just isn’t making enough money yet. It did bring in almost $200-million in revenue in the third quarter of 2022, although it actually twice as much to build all of them, so profit doesn’t look like it will show itself over the horizon any time soon, unless something changes.
Lucid needs to find ways to make the Air for less, this while it tries to ramp up production with no prior experience in manufacturing automobiles. It also plans to introduce its second model, and that will put additional pressure on the company, which will have to work even harder with two models .
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