Maybe Lucid Was Right All Along -- Bad News for Truck Makers
Full-size trucks are known for keeping the lights on in Detroit. They carry huge profits, but that could be changing for investors in the near term.Perhaps management at Lucid Group (LCID 6.35%) was right the entire time: Electric pickups just aren't going to be a winner in the near term."It's very tough to make an electric pickup work today," then-Lucid CEO Peter Rawlinson said during the company's Tech and Manufacturing Day back in September 2024, adding, "not one that's usable and cost-effective."The bad ...