Tesla CEO Musk Fires Back At Rawlinson's 2020 'Production Hell' Taunt With 'Sales Hell Too' Jibe After Lucid's Q3 Deliveries Flop
Portfolio Pulse from Anan Ashraf
Tesla CEO Elon Musk responded to Lucid Group's disappointing Q3 deliveries by highlighting the company's struggles with production and sales. Lucid delivered only 1,457 EVs in Q3, falling short of the market consensus of 2,118. Year-to-date, Lucid has produced 6,037 units, with an additional 700 shipped to Saudi Arabia for final assembly. Musk previously warned that Lucid and Rivian could face bankruptcy due to high expenses.
October 18, 2023 | 12:16 pm
News sentiment analysis
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NEGATIVE IMPACT
Lucid's disappointing Q3 deliveries and production struggles could negatively impact investor confidence.
Lucid's underperformance in Q3 deliveries and ongoing production issues, highlighted by Tesla's CEO, could lead to a decrease in investor confidence and a potential drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The news highlights Tesla's competitive advantage in production and sales over Lucid, which could boost investor confidence in Tesla.
Tesla's CEO Elon Musk's comments on Lucid's struggles could highlight Tesla's superior performance and stability, potentially attracting more investors to Tesla.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70