Amid Lucid's Q3 Deliveries Delay, Tesla Investor Recalls Elon Musk's 2022 Joke About EV Maker Making Fewer Cars Than His Number Of Kids
Portfolio Pulse from Shanthi Rexaline
Lucid Group, Inc. (NASDAQ:LCID) has not yet released its Q3 deliveries report, leading to speculation about potentially poor performance. The company has faced challenges since it began producing its luxury EVs in late September 2021, including supply-chain disruptions and lukewarm demand due to economic uncertainties and aggressive price cuts by Tesla. Lucid's cumulative production and deliveries in the first half were well short of the company’s full-year production guidance of over 10,000 units.

October 15, 2023 | 1:59 pm
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Lucid Group's delayed Q3 deliveries report and ongoing challenges may negatively impact investor confidence and the company's stock price.
Lucid Group's delayed Q3 deliveries report, coupled with its ongoing challenges such as supply-chain disruptions and lukewarm demand for its luxury EVs, may negatively impact investor confidence. This could lead to a decrease in the company's stock price in the short term.
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