This Company Is Headed For Bankruptcy
24/7 Wall St.The EV Sector Can’t Stop Burning Cash In our discussion, we highlight Lucid (NASDAQ: LCID) Motors’ dire financial situation despite producing 2,110 cars in the second quarter. The company has suffered substantial losses, with its stock down 85% over the past two years and billions of dollars in shareholder value wiped out. We conclude that […]
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