Ford Motor Co. lost $62,016 on each electrical automobile it offered throughout this year’s 3rd quarter. However that appears like a service success compared to Lucid Motors, the high-end electric-vehicle maker. On Tuesday the EV start-up reported losing $227,802 per cars and truck offered in the most recent quarter.
Like numerous other EV start-ups, Lucid went public throughout the pandemic through a merger with a blank-check business. In November 2021, it reached a spectacular market price of $91 billion in spite of having actually provided just 125 vehicles in its history. It’s been downhill because. Lucid’s stock cost has actually fallen 93% from its peak as losses install.
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