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Originally Posted by XutvJet
Lucid won't be around in 1 year. Consider that.
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Quote:
Originally Posted by gblansten
To get the thread back on track...agree completely. I don't think their SUV which is pretty cool btw will save them from their "burn rate" of capital.
They do make nice cars. The software in them is somewhat wonky from what I hear.
I think the Saudis will pull continued funding if the overall EV market stays slowed down. And I think it will continue to slow as many of us early to mid adopters saturate out and the bulk of the market is slower to adopt.
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I don't know if it's the norm for Lucid to have flashy showrooms in very high rent areas, but the one they have in Tysons Corner, VA is just insane. They took a huge chunk of real estate at the Tysons II mall for their showroom. To me, it's no wonder they're losing all that money per car added to how much they are paying their C suite executives.