Lucid Has 60,000 Robotaxis Lined Up and Wall Street Is Already Betting on It. Can the Balance Sheet?

Lucid's free cash flow was negative $1.48 billion in Q2 2026, marking the third consecutive quarter of deepening burn. While Wall Street estimates project significant revenue growth, based on partner volumes and a Midsize launch that management has not yet dated, the company's balance sheet faces considerable pressure. Management states liquidity is sufficient "well into 2027," but at the current burn rate, the reported $3 billion at June 30 covers only about two quarters, indicating a critical