Lucid Motors has a problem, they are burning through cash at an astonishing pace. In addition, they are trying to sell a premium car in a down market and new car orders are starting to fall out, so sales are not converting as they hoped.

Elon Musk has stepped in with an unfiltered warning to the company.

Additionally, the company are supporting factory scale-up, raw material price hikes and supply chain hold-ups.

Things look could look better for this new EV brand.