Lucid In Trouble After Tesla's Fall
Lucid (LCID) 24/7 Wall Street·2024-01-28 12:55
Lucid In Trouble After Tesla's Fall hapabapa / iStock Editorial via Getty Images Tesla’s (NASDAQ: TSLA) earnings trouble sent a message to investors. All car companies that make EVs have EV revenue challenges. The most endangered are small independents, and among the most troubled is Lucid (NASDAQ: LCID), the stock of which is down 80% in the last year.Industry leader Tesla’s revenue in the most recent quarter rose only 3% year over year to $25.2 billion. Automotive revenue rose just 1% to $21.6 billion. ...