Lucid loses $338,000 for every electric vehicle sold as price war with Tesla heats up
“Lucid may burn $338,000 per vehicle in EBITDA this year, an increase from $325,000 just months ago, demonstrating how its unsustainable business model requires significant scaling and additional funding — likely before 2025.” Luxury EV maker Lucid is in big
The post Lucid loses $338,000 for every electric vehicle sold as price war with Tesla heats up first appeared on TechStartups.
“Lucid may burn $338,000 per vehicle in EBITDA this year, an increase from $325,000 just months ago, demonstrating how its unsustainable business model requires significant scaling and additional funding — likely before 2025.” Luxury EV maker Lucid is in big […]
The post Lucid loses $338,000 for every electric vehicle sold as price war with Tesla heats up first appeared on TechStartups.