Lucid Motors is one of the hottest electric vehicle startups out there. The company makes luxury electric cars namely the Lucid Air, a vehicle that can get up to 1200 horsepower and 520 miles of range. It boasts some of the fastest charging speeds in the industry, and starts at $90,000, quickly rising up to a whopping $250,000 in price for the Sapphire Edition.
While Lucid has seen its stock valuation soar, it has since declined as the company is burning through cash at an unprecedented rate. This has caused Elon Musk to issue a dire warning that Lucid could be on track to go bankrupt unless something BIG changes.
With the CEO, Peter Rawlinson, at the helm being an ex-Tesla executive who was the former lead engineer of Tesla’s Model S program, there’s certainly still a lot of promise in store from this company. But will it live up to the hype?
#Tesla #ElonMusk #lucidmotors
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