Lucid: Further financing will be needed in 2026.
Electric car manufacturer Lucid Group's interim CEO Mark Winterschhof stated that the company's current funding can support operations until the second half of 2026, while also mentioning that the company will need to raise additional funds. Winterschhof hopes that Uber's investment in Lucid can be a turning point for the company's development. He revealed that the company is formulating a plan to transition into a fleet management operator - by owning self-driving cars and renting them out to Uber drivers, thereby opening up new sources of income.
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