Why Lucid Will NEVER Fail

Why Lucid Motors will never fail or go bankrupt. Lucid is a luxury electric vehicle (EV) company that was originally founded in 2007. The current CEO of Lucid, Peter Rawlinson who is a former Tesla executive, has announced plans for a massive EV factory in Arizona that will allow the electric vehicle (EV) company to continue to scale operations. Lucid is backed by massive investors, most notably the Public Investment Fund of Saudi Arabia. The Public Investment Fund is the sovereign wealth fund of Saudi Arabia, and part of its purpose is to help diversify the countries dependence on oil for revenue and its economy. This is why Saudi Arabia will simply not allow Lucid to fail, because it needs its investments to end up paying off and being successful. The Public Investment Fund has also made significant investments in other US based companies, in an attempt to diversify the countries assets. Lucid has reported weak revenue figures for the past few years, and has been losing more and more money each year.

Lucid currently only offers one EV, the Lucid Air, which has 4 different trims - the Pure, Touring, Grand Touring, and Dream. As I go over in the video, the prices for these trims are quite expensive. Additionally, the Lucid Gravity, an electric SUV, was announced in late 2023 and will begin deliveries in late 2024. This video is similar to videos by Logically Answered and Wall Street Milennial, as well as CNBC and Business Insider and Wall Street Journal.

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