Lucid is increasing vehicle production and planning new models, but the company is currently losing money. The EV industry is struggling due to the loss of federal tax credits and a shift to hybrids. Lucid investors have seen an 81% drop in share price over the past three years. While vehicle production and sales are on the rise, profitability is still a challenge. Lucid reported a loss of $0.24 per share in Q2 and may need more cash injections to sustain operations. The company’s future remains uncertain amidst industry challenges and financial struggles.

Read more at Nasdaq: Where Will Lucid Be in 3 Years?