bearish
Race to Survival
SUMMARY
- Electric Vehicle Startup Lucid Motors, the poster child for the SPAC Boom in 2021, has seen its valuation plummet in recent months amidst a string of production & quality control issues, in addition to other demand headwinds.
- As the macroeconomic environment deteriorates further, some rivals claim that the company could go bankrupt unless it cuts back on spending and reprices its vehicles.
- Elon Musk had an ominous warning for EV startup Lucid Motors last week
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