Lucid Troubles Keep Building


  • Lucid again failed to meet quarterly revenue expectations.
  • The company continues to lose large sums of money and burn through tremendous amounts of cash.
  • Production guidance for 2024 implied little growth, which doesn’t support this premium valuation.

Depressed woman read message at home

Kseniya Ovchinnikova/Moment via Getty Images

After the bell on Wednesday, we received fourth quarter results from Lucid (NASDAQ:LCID). The struggling electric vehicle maker has consistently failed to meet production and delivery targets, sending shares significantly lower over time. Unfortunately

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1 thought on “Lucid Troubles Keep Building

  1. I own 1207 shares of Lucid Motors
    @ $14 / share. I guess my strategy at this point would be to hold and short options against it.
    Do you have any suggestions?


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