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Electric Up-And Comer Lucid's Stock 'Still In Park': Analysts Expect Investors To Keep 'Conservative Posture' On Tesla Rival [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Analysts size up the results and what's next for the company. The Lucid Analysts: Stifel analyst Stephen Gengaro has a Hold rating and $4 price target on Lucid. Needham analyst Chris Pierce has a Hold rating and no price target on Lucid. Related Link: What's Going On With Lucid Stock Tuesday? Stifel on Lucid: The first quarter report had mixed results and no real surprises for 2024, Gengaro said. The analyst said guidance for producing 9,000 vehicles in 2024 was reiterated by the company. "While first-quarter production numbers came in lighter-than-expected, we believe the company's 9,000 vehicle production target for the year is reasonable," Gengaro said. The analyst highlighted gross losses improving in the quarter. "Lucid remains laser-focused on aligning production with demand while controlling costs." Gengaro said the company's financial position should get it through "at least the launch" of the Lucid Gravity SUV. Additional capital could be needed after thi
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