Lucid: Q4 Report Not Good

Summary:

  • Lucid Q4 revenues fall short of street estimates.
  • 2023 vehicle production guidance not that impressive.
  • Cash burn continues at alarming rate.
Lucid Motors USA Service Center in Houston, TX, USA.

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After the bell on Wednesday, we received fourth quarter results from Lucid (NASDAQ:LCID). The luxury electric vehicle maker has struggled to ramp production as quickly as once hoped, leading to significant revenue shortfalls and large cash burn. Unfortunately for investors, the


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