Lucid selling cars at a loss just like others

[vortecd]

https://jalopnik.com/lucid-burned-4...NMACoMLFSL7eNPoySArHOEeLAN6HLguEBEALMrmMMzTu8

 

[MJS73]

Yeah, but they had to make it up at that volume.

 

[DavidKFla]

Can't stay in business loosing money like that.

 

[Boris]

Lots of investment for a startup
Still sitting on 5.5B

Kind of a silly headline

Its like reading how Sony loses $500 on each Playstation it sells but its gaming division always turns a huge profit.

 

[DavidKFla]

Lots of investment for a startup
Still sitting on 5.5B

Kind of a silly headline

Its like reading how Sony loses $500 on each Playstation it sells but its gaming division always turns a huge profit.

What other products do they manufacture and sell? Don't know anything about them.

 

[vortecd]

Lots of investment for a startup
Still sitting on 5.5B

Kind of a silly headline

Its like reading how Sony loses $500 on each Playstation it sells but its gaming division always turns a huge profit.

Says they are spending more money per car to make like others have said. Now if someone is giving them money for making them then that is another story and very wrong

 

[Boris]

What other products do they manufacture and sell? Don't know anything about them.

From what I know
It was a company started from guys who bailed Tesla about 10-15 years ago.
Goal was to make batteries and pivoted to luxury EVs

They have huge investors footing the bill for now.
I even think a Saudi group kicked in a cool billion or so.

 

[DavidKFla]

From what I know
It was a company started from guys who bailed Tesla about 10-15 years ago.
Goal was to make batteries and pivoted to luxury EVs

They have huge investors footing the bill for now.
I even think a Saudi group kicked in a cool billion or so.

How long will those angels hang around?

 

[Boris]

How long will those angels hang around?

Hard telling.