Lucid Stock: Entering Terminal Decline After Q4 Earnings
Lucid (LCID) Seeking Alpha·2024-02-23 14:15
Bloomberg/Bloomberg via Getty Images Lucid Stock Outlook Lucid Group, Inc. (NASDAQ:LCID) makes a pretty stunning vehicle. It's unfortunate that the company failed to mass-produce and sell the Lucid Air at a profit. Despite extremely high hopes and rich estimates, Lucid only sold 6,001 cars last year of the 8,428 it built. The car company recently reported earnings, and the results were horrendous. Lucid delivered just 1,734 vehicles in Q4, resulting in only $157.51M in revenues, $24.25M shy of estimates, an ...