Lucid stock plunges as production lags, losses mount compared to rival Rivian

Lucid stock down 25% this year vs 1% drop for Rivian as analysts turn bearish on Lucid

Lucid estimated to lose $338k per car in 2023 vs $110k loss for Rivian

Lucid struggling to ramp production, expected to make just 2,100 cars in Q3

Rivian sales growing each quarter, now seen making 52,000 vehicles in 2022

Lucid competing in luxury EV market against Tesla Model S and models from Mercedes, BMW, Audi