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Lucid stock price analysts emphasize the need for cost

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Analysts emphasize the need for cost controls to counter macro headwinds affecting the EV industry. Marc Winterhoff: Well, at one point, we were about to run out of magnets. China was slow-walking all of the export licenses . We were able to manage around it, but it cost us a lot of effort. Our engineers had to do a lot of extra work. We opened other suppliers — we have an Australian supplier we are working with — and we’re also expediting our project to get away from the rare earth magnets . If you, one day to the other, shift your build plan — [I don’t know] how much you know about the automotive industry, but it’s not that easy. We have 3,000 parts in a car; if one is missing, we don’t build the car. We problem-solved until the end of this year, and now we have added another shift in the plant for all of Q4 in Arizona, in order to get to the numbers that we want to get to. GameStop Stock is Moving Higher as its Free Cash Flow Grows Stronger Lucid stock price moved up 1.5% on rumors of new charging infrastructure agreements. Expanding fast-charging networks remains key for EV adoption, potentially boosting delivery growth.