Lucid (LCID 3.00%) was once a hot electric vehicle (EV) company, but it's run into a number of challenges. Production isn't improving very quickly, cash is being burned at an unsustainable rate, and competition is getting stronger. Travis Hoium highlights the company's biggest challenges in this video.
*Stock prices used were end-of-day prices of July 11, 2023. The video was published on July 12, 2023.
