Lucid delivered a startlingly small share of its produced cars to customers - Autoblog

In the"normal" years leading up to the coronavirus pandemic, the auto industry delivered virtually all of the cars it built, according to Eric Anderson, a principal research analyst for S&P Global. In 2021, that rate slowed because of a

Lost or delayed revenue is no fun for anyone, but it's especially problematic for the young players in this capital-intensive business. Rivian was sitting on $13.8 billion at the end of Q3, while Lucid had $3.85 billion and a plan to raise another $1.5 billion. A Lucid representative didn't have additional comment beyond what has been said in earnings; Rivian declined to comment.

Part of Lucid's early lag was related to its troubles upon starting production.

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