Lucid Motors: Now A Value Trap

hapabapa Lucid Motors (NASDAQ:LCID) presented disappointing quarterly earnings for its 1Q24 on May 6, 2024 that triggered another huge stock drop. However, Lucid Motors had better-than-anticipated sales for the first quarter and reported a narrowing of losses. With that being said, the company continues to produce and deliver only a very small amount of electric-vehicles that are trailing the initial outlook for Lucid Motors’ delivery potential by a mile. Furthermore, the company is still losing a boatl ...