Lucid's Red Flags: Why LCID Stock Is a Risky Bet in 2024
Lucid (LCID) InvestorPlace·2024-01-12 04:28
Despite the growth of Electric Vehicle (EV) sales in the U.S., the electrification transition has faced challenges. Lucid (NASDAQ:LCID) is among the leading EV players many investors are watching. LCID stock delivered 1,457 vehicles in Q3, falling short of the expected 2,000, possibly influenced by charging infrastructure and affordability issues.Lucid revised its fiscal 2023 production forecast to 8,000-8,500 vehicles, down from over 10,000, citing weakened demand. Q3 revenue fell 29.5% year-over-year to $ ...