'Pack A Bag And Go:' Why Lucid Is Telling Potential EV Customers To Take A Grand Tour
Portfolio Pulse from Anan Ashraf
Lucid Group is promoting its Lucid Air Touring and Grand Touring models, highlighting their luxurious features and long-range capabilities. Despite having the longest-ever EPA rating for an EV, Lucid reported lower-than-expected Q1 sales and missed Street estimates.
May 29, 2023 | 8:50 am
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Lucid Group promotes its Lucid Air Touring and Grand Touring models, emphasizing luxury and range. However, the company reported lower-than-expected Q1 sales and missed Street estimates.
Lucid Group is promoting its high-range EV models, which could potentially attract more customers. However, the company's recent Q1 sales miss and lower-than-expected performance may counteract any positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100