Is It Time to Give Up on Lucid? [Yahoo! Finance]
Lucid Group, Inc. (LCID)
Company Research
Source: Yahoo! Finance
The company has cut production forecasts numerous times, slashed prices on its only vehicle, reported a widening net loss during the fourth quarter, and barely delivered 6,000 vehicles in 2023. Combine those factors with a macroeconomic environment of high interest rates and slowing EV demand, and you get the collapse of an EV start-up such as Fisker . But is it time to also give up on Lucid, or should investors hang on during this rough patch? Setting the scene No matter which way Lucid turns, it faces challenges. At first the company's supply chain caused disruptions in production, and then once those issues were rectified, demand slowed and weighed on deliveries. Lucid's fourth-quarter 2023 net loss checked in at $654 million, wider than the prior year's loss of $474 million, and production is expected to hit just 9,000 vehicles in 2024 after reaching nearly 8,500 in 2023 -- certainly not tantalizing growth. The bigger picture is even more eye-opening, with Lucid's total
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LCID
News
- Lucid (LCID) to Report Q1 Earnings: Here's What to Expect [Yahoo! Finance]Yahoo! Finance
- Where Will Lucid Motors Stock Be in 5 Years? [Yahoo! Finance]Yahoo! Finance
- Lucid Q1 Preview: Business Model Doesn't Look Sustainable [Seeking Alpha]Seeking Alpha
- Should You Buy Lucid Stock Before May 6? [Yahoo! Finance]Yahoo! Finance
- Is Lucid a Chinese Company? [Yahoo! Finance]Yahoo! Finance
LCID
Earnings
- 2/21/24 - Miss
LCID
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- 4/25/24 - Form DEFA14A
- LCID's page on the SEC website