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Lucid Faces Biggest Disaster Ever [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
If you're focused on picking the right stocks and ETFs you may be missing the bigger picture: retirement income. That is exactly what The Definitive Guide to Retirement Income was created to solve, and it's free today. Read more here If there is one key metric that shows an EV company can survive, it is unit sales growth. Among US manufacturers, the only exception is Tesla ( NASDAQ: TSLA ) because of its size and portability. Lucid ( NASDAQ: LCID ) failed that test, as its first-quarter deliveries and production fell well below expectations. In the US market, where EV sales have weakened (except perhaps for used EVs), its future is not beyond grim. Lucic delivered a remarkably small number of vehicles in Q1, at 3,903. It produced 5,500. The company blamed much of this on a supplier's lack of inventory, which cost it 29 days of “disruption.” It affirms that its production will be 25,000 to 27,000 units this year. That is still extremely small. Lack of sales has driven Lucid's stoc
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