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Why LCID Stock Is One EV Name Investors Should Avoid (at Least for Now)
LCIDLucid (LCID) InvestorPlace·2024-02-21 13:12

California-based Lucid Group (NASDAQ:LCID) has provided investors with plenty of disappointment recently, as the company showcased lower-than-expectations earnings in its recent report. Fourth quarter data showed deliveries growth came in at only at 10%, and production also declined by 32%. Alongside these numbers, revenue also did not reach expectations, which came in at $137.8 million, driving losses higher to $630.8 million. Read more for this LCID stock analysis.In this fast-paced EV market, Luci Group ...