Lucid Will Raise Another $8 Billion Via A New Offering via insideevs.com
, the brand has a market cap of about $27 billion. However, it recently announced that it has to cut its production forecasts in half due in part to supply chain constraints and logistical concerns., Lucid is finding that the costs to build its vehicles are increasing. Meanwhile, it can't build nearly enough vehicles to fill orders, and the prices it promised buyers likely should have been much higher.
At this point, it comes as no surprise Lucid is planning on raising more money. And, it won't be surprising if the company has to do so many more times going forward. If you take a quick look at's history, it's clear that the road will probably be rocky for Lucid for many years to come, and it will have to continue to invest in the future and raise funds accordingly.
Automotive News reported that Lucid's filing was for a"mixed shelf offering." In short, this means it can choose to sell a variety of securities as part of multiple separate offerings.
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