Making it up on volume

Lucid Motors sells its battery cars for $90,000 and loses $544,301 on each one. “But we’re going to sell 10,000 cars this year (it sold 1,404 in the first quarter), so we’re gonna be super successful real soon”, CEO Penelope Fartsweather told FWIW.

Any scam this large just has to have government — taxpayer — money going into it, guaranteed.