Lucid delivered a startlingly small share of its produced cars to customers
In the"normal" years leading up to the coronavirus pandemic, the auto industry delivered virtually all of the cars it built, according to Eric Anderson, a principal research analyst for S&P Global. In 2021, that rate slowed because of a
Lost or delayed revenue is no fun for anyone, but it's especially problematic for the young players in this capital-intensive business. Rivian was sitting on $13.8 billion at the end of Q3, while Lucid had $3.85 billion and a plan to raise another $1.5 billion. A Lucid representative didn't have additional comment beyond what has been said in earnings; Rivian declined to comment.
Part of Lucid's early lag was related to its troubles upon starting production.
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