The executive team at Lucid Motors sure sounded upbeat about the future this week as they rolled out plans for three high-volume midsize battery-electric vehicles, robotaxis (concept pictured above), new retail outlets, and manufacturing and product efficiencies, all intended to propel the company to steady profitability. It’s as if they forgot that, just a few weeks earlier, the company reported losing $3.5 billion on operations last year, on top of the $3 billion lost the previous year, leaving Lucid with $1 billion in cash on hand.
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