Quote:
Originally Posted by Koflach
If you include capital expenditures like their factories and other large one time purchases, it makes their numbers far worse than they actually are. Typically things like this are amortized over longer periods of time than the year they are purchased so you can realize the roi over a realistic time frame.
Simply put, Lucid is not losing half a mil on each car.
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Yeah... but even in its worst days, Tesla was making nowhere near that kind of expenditure.
They need to cut cost drastically or they won't last past 2 years. (about 4.2B on hand. About 0.9B burn rate per quarter)
Yes, it is expected for startups to burn money. But the rate that Lucid is burning through is staggering and there doesn't seem to be a viable plan to get it under control. They either have to drastically cut expenses or start delivering a lot more cars, and neither seem to be happening.