This is a Saudi Arabia's news story, published by Yahoo Finance, that relates primarily to Lucid news.
For more Saudi Arabia's news, you can click here:
more Saudi Arabia's newsFor more Lucid news, you can click here:
more Lucid newsFor more automotive and transportation news, you can click here:
more automotive and transportation newsFor more news from Yahoo Finance, you can click here:
more news from Yahoo FinanceOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best tech news, business news, entertainment news, and much more. If you like automotive and transportation news, you might also like this article about
Lucid stock. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest tech luxury features news, EV technology news, automotive and transportation news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
many other electric vehicle stocksThe Motley Fool
•74% Informative
Lucid's Air luxury sedan has received rave reviews, but its sales have been underwhelming.
Saudi Arabia's sovereign wealth fund has invested $6.4 billion in Lucid since 2018 , including $1 billion in March .
The company's next model, a big luxury SUV called Gravity , is expected to launch before the end of 2024 .
But there's not much chance Lucid will turn a profit before production of a midsize model ramps up.
Lucid won't get to sustainable scale for at least a few more years -- and it'll burn billions of dollars between now and then.
If you love the Lucid Air and understand the company's situation, I won't argue if you decide to take a small position in the stock.
You'll need to be patient, but it could pay off nicely in time.
VR Score
71
Informative language
68
Neutral language
35
Article tone
semi-formal
Language
English
Language complexity
29
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
7
Source diversity
2
Affiliate links
no affiliate links