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Lucid began building its first all-electric Lucid Air sedan in Arizona in September 2021, and deliveries began in late October. [35] Lucid produced 7,180 vehicles in 2022, [36] lower than expected, with the company citing supply chain issues. [37] [38] Lucid produced 8,428 vehicles in 2023, meeting the higher end of company guidance. [39]
Lucid still has a lot to prove, but I believe its stock could finally bottom out if it achieves its near-term goals. Declining interest rates and any positive developments for the sluggish EV ...
In fact, with Lucid hitting three consecutive quarterly records for deliveries, the company has now let consumers take the wheel of over 7,100 Lucid EVs in 2024, already easily topping the company ...
Lucid's second-quarter results -- reported Aug. 5 -- were better than expected, but it's still a long way from profitability. But it has a plan to get there, and a big investor with deep pockets.
Lucid has some delivery momentum, a product pipeline, and a wealthy backer in Saudi Arabia's PIF, and it shouldn't hit a massive speed bump if the new administration ends the tax credit.
Over the next 12 months, Lucid's most pressing concern will probably be getting the cash it needs to stay in business. And to do this, management will likely rely on capital raises , which involve ...
Lucid Group (NASDAQ: LCID) is making waves in the luxury electric vehicle (EV) market with an impressive driving range that sets it apart from competitors. After peaking at $57.75 per share in ...
Image source: Getty Images. For Lucid shareholders, the cash infusions are a mixed bag. The good news is that they give Lucid the money it needs to stay afloat, preventing it from going bankrupt.
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