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Lucid CEO admits it ‘did not even know where cars were’ and lost orders
Lucid CEO Silvio Napoli says the automaker lost orders in Q3 because it couldn't locate its own cars. Tesla learned this lesson the hard way in 2018.
Summary
Lucid (LCID) CEO Silvio Napoli admitted on the company’s Q3 earnings call that, as recently as this summer, the automaker “did not even know where cars were.” Buyers placed orders, Lucid took up to two weeks to locate and deliver a car, and some of those buyers walked away. That’s a rough admission from a company sitting on thousands of unsold vehicles.
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