The Shockwaves from Lucid’s Big EV Gamble: Is the Market Cheering Too Soon?
Lucid Group’s stock surged by 8.66% as it announced plans to double its electric vehicle production. In Q1, Lucid delivered 3,109 vehicles, a 58% increase from the previous year, signaling strong market penetration. Lucid aims to produce 20,000 vehicles annually, despite financial losses increasing to $731 million in Q1. The company maintains investor interest with […]
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