Lucid Tells Investors Products Before Profits During Investor Day (opens in new tab)

Lucid Motors executives traveled to New York City for the company’s first-ever Investor Day where they essentially told them the EV maker will need to produce midsize vehicles for some time before the company will be profitable.During the event, attendees got an early look at the first of three midsize models — the Cosmos — that will roll out during the next two years.The Cosmos is a midsize crossover expected to compete with the Tesla Model Y and Rivian R2.