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No, Faraday is (was?) the worst managed automotive company. Faraday never even managed to build a non-working prototype. Lucid actually has cars on the road. T
by gamblor956 4y ago
No, Faraday is (was?) the worst managed automotive company. Faraday never even managed to build a non-working prototype.
Lucid actually has cars on the road. They're great cars, but at their price point they need more exterior visual flair to match the expectations of the luxury set.
Lucid mistimed the market. By the time their cars were ready, the low interest rates were a distant memory and their target market (highly paid tech workers) had started cutting back on spending due to massive industry layoffs.
Note that Lucid today is basically exactly where Tesla was at this point a decade ago, but Tesla had the benefit of 0% interest rates goosing spending.