Lucid stock is down 80% over in five years. The EV maker cannot overcome its problems of too much competition and cars that ...

Lucid has substantially tempered its manufacturing ambitions, revising its annual production target downward to between 18,000 and 20,000 vehicles. This adjustment follows disappointing second-quarter ...

The company's latest quarterly results, released on August 6, presented sobering financial metrics. Revenue totaled just $0.4 million, significantly below the $0.54 million analysts had anticipated.