Lucid Q4 Earnings Preview: All Eyes On Lower EV Production, Delivery Guidance
Portfolio Pulse from Chris Katje
Lucid Group Inc (NASDAQ:LCID) is set to report its Q4 financial results, with analysts expecting a significant revenue drop from the previous year and a loss per share nearly in line with last year's. Lucid has previously missed revenue estimates for six consecutive quarters but has beaten EPS estimates in two of the last five quarters. The company has already reported Q4 production and delivery figures, showing a decrease in full-year production guidance. Analysts have expressed concerns over Lucid's short-term outlook, citing a lack of new products to drive growth. A notable point of interest is the $6 million cash bonus for CEO Peter Rawlinson, which has drawn criticism from Tesla's Elon Musk. Investors are keen on updates regarding the Lucid Gravity SUV and revised vehicle production and delivery guidance for 2024.
February 20, 2024 | 5:30 pm
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NEUTRAL IMPACT
Tesla CEO Elon Musk criticized Lucid CEO Peter Rawlinson's $6 million bonus, drawing attention to the performance comparison between Tesla and Lucid. Tesla's production figures significantly outpace Lucid's, highlighting the competitive landscape between the two companies.
While Musk's criticism of Lucid's CEO bonus and the comparison of production figures between Tesla and Lucid highlight the competitive dynamics, it's unclear how this will directly impact Tesla's stock price in the short term. The mention may affect investor sentiment but is not directly related to Tesla's financial performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Lucid Group is anticipated to report a significant revenue drop and a loss per share in its Q4 results, with concerns over its short-term outlook due to a lack of new products. The company's revised vehicle production and delivery guidance, along with the CEO's $6 million bonus and updates on the Lucid Gravity SUV, are key points of interest for investors.
The expected revenue drop and EPS loss, combined with concerns over the lack of new products and the controversy over the CEO's bonus, could negatively impact investor sentiment and LCID's stock price in the short term. However, updates on the Lucid Gravity SUV and revised guidance could provide some positive momentum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100