Lucid Group Inc (LCID): They should have a better shot at hittin...

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Windbag1014

Re: uksausage post# 5433

Friday, 07/07/2023 12:00:08 PM

Friday, July 07, 2023 12:00:08 PM

They should have a better shot at hitting lowered numbers but we'll see. Fat pocket Saudi friends can't hurt right?

First posted in December.
https://ir.lucidmotors.com/news-releases/news-release-details/lucid-announces-second-quarter-2022-financial-results-reports

They have reset expectations lower. They will have to fix the production flaws. They came out of the gate with lofty predictions and didn't come close to meeting them.

It was funded as a SPAC which have fallen out of favor in the market.

Recall.
https://www.engadget.com/lucid-issues-recall-for-2022-air-evs-with-faulty-wiring-harness-151907286.html

Execution has been below par for that kind of a price tag. Fix that and increased production and we could see a run up not unlike Tesla. Patience and a long time frame may help. Maybe they get back on track in 2023.

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