Lucid burned through $823 million between operating cash losses and capital expenditures last quarter alone, and only has $4.3 billion in cash against $2 billion in long-term debt. Lucid Motors posted a poll on Twitter asking which is your favorite Lucid Air interior color and style selection. As a Chinese company, Nio's U.S.-listed shares are also hurt by a strong dollar, which is also rising along with interest rates. Nio is in a fairly solid position, with over $8 billion in cash against just roughly $2 billion in long-term debt, but it did burn through $425 million in operating losses last quarter alone. Not only do higher long-term rates decrease the value of future cash flows, but each of these companies also may need to raise more money in the near future. Featuring luxurious interior space in a mid-size exterior footprint, the Air will be capable of over 400 miles range and 0-60 mph in under 2.5 seconds. of range and over 1,000 hp, not to mention a properly luxurious interior. Rising bond yields are really not good for young EV companies, since they are burning cash to ramp up production. The 2022 Lucid Air is an upcoming all-electric luxury sedan that promises an. The 10-year Treasury bond yield rose 15 basis points to 3.77%, after falling over the past few days. Silicon Valley-based startup Lucid Motors’ 2023 Air luxury EV sedan pairs powerful motors and the world’s longest driving range with upscale styling and fashionable interiors. There are three main reasons an abundance of JDM engines removed from cars in Japan. These slightly hotter-than-expected figures would be good news in normal times, but since the Federal Reserve is trying to cool inflation, it sent stocks down and bond yields up.
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