Lucid: Another Awful Report

Summary:

  • Lucid dramatically misses Q1 revenue estimates.
  • Full-year production forecast updated in a challenging way.
  • Cash position continues to decline.
Lucid Air Touring sedan display at the Service Center. Lucid Motors is a manufacturer of luxury EV Electric Vehicles.

jetcityimage

After the bell on Monday, we received first quarter results from Lucid (NASDAQ:LCID). The luxury electric vehicle maker has struggled recently to ramp production of its Air sedan as well as sell what it has actually made. Unfortunately, the numbers


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