Lucid Faces Uphill Battle Against Tesla Despite Optimism for Multiple EV Makers

Lucid believes there is room for multiple EV makers as gas vehicles fade away.

Lucid struggling to compete with Tesla due to high pricing and low production.

Lucid delivered just over 1,400 vehicles in Q2 and Q3 2022.

Lucid posted losses of $779M in Q1 and $764M in Q2 2022.

Unclear which EV makers will emerge as main Tesla competitors besides public companies and startups.