DD Support Board and Research Team

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Really? "EV maker Lucid’s $338,000 loss per car Is turning investors off"

"Having recently touched an all-time low, the stock is down nearly 25% this year, compared to a 1% decline for pickup truck-making peer Rivian Automotive Inc. in the same period. The percentage of bullish analyst ratings on Lucid has dwindled to only about a quarter of all recommendations. For Rivian, more than half of the ratings are the equivalent of a buy.

The performances reflect deeper differences. Lucid, which according to a Bloomberg Intelligence estimate is set to burn $338,000 for every vehicle it makes this year, said in August that it still expected to produce at least 10,000 cars in 2023. Analysts’ average 2023 sales estimate for the firm has sunk nearly 50% over the past 6 months.

In comparison, Rivian, which is estimated to lose about $110,000 per vehicle according to Bloomberg Intelligence, forecast full-year production of 52,000 units on Monday, and the average expectation for its 2023 sales has risen about 5%."

https://finance.yahoo.com/news/ev-maker-lucid-338-000-113355345.html