inventory glut

Lucid CEO admits automaker 'did not even know where cars were,' losing orders on delivery delays

Lucid CEO Silvio Napoli conceded on the Q3 earnings call that order-to-delivery delays of up to two weeks caused some buyers to walk away, even as thousands of unsold vehicles sat in inventory. The automaker says it now has end-to-end visibility into vehicle locations, echoing Tesla's 2018 'delivery logistics hell' problem.