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EV race heats up: Overtake or be out
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Should you invest in Lucid Group?

Shares of Lucid Group Inc. are hovering around the $8 mark, and the stock is down about 79% from one year ago. The company will report its results for the fourth quarter on February 22, 2023, so we will be paying attention to see how the earnings worked out for them.
Investors will want to know what customers are paying for every Lucid sold and details about the delivery schedule. It was impressive that the company produced 3,493 cars during the quarter, but investors will wonder why only 1,932 vehicles were delivered. It’s unknown if the vehicle deliveries weren't higher due to logistics issues or a lack of customers.
Lucid delivered just shy of 1,400 vehicles in the third quarter, with an average price of almost $140,000.
A major concern for EVs right now is the idea of price cuts due to the news that came out about Tesla lowering its price. We will have to wait and see if the company decides to cut the price of its luxury EVs.
In positive news, Lucid’s stock price has risen about 32% in 2023 as tamer inflation numbers have led to the return of investors to growth stocks. This was also in addition to the positive news of Lucid exceeding production expectations on electric vehicles in 2022.
What made the over delivery even more impressive was that the company increased production in the fourth quarter to the point that the one quarter reached almost half of the production for the entire year.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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  • TeslaSmurf : 😂😂😂 Lucid’s production goal for 2022 was 20,000 cars… they produced less than 7000 (many of them not delivered for quality issues) losing TONS of money, so that they will have to push forward their break-even point for YEARS (they have funding for less than 2 years). If they weren’t Saudi’s backed they would already have gone bankrupt…

  • Gosu8888 TeslaSmurf: Tesla is nothing better…..

  • Gosu8888 TeslaSmurf: At least the quality is better than Tesla and more powerful speed than any other EV cars. Please update yourself in term of production goal for 2022 and so far already produced more than 7000. Wake up your idea before commenting.

  • TeslaSmurf : You don’t STUDY enough: Tesla has 25 billions in the bank and is the most profitable car company in the world.
    How can you trade without DATA ?
    Do you a favour :
    Just check the numbers…

  • TeslaSmurf Gosu8888: The production goal was 20k. They had to lower it TWICE 😂😂😂

  • Gosu8888 TeslaSmurf: Then why would Tesla need to retrench workers. Think abt it before answer noob.

  • TeslaSmurf : And they loose money on every EV they build

  • RDK79 : Tesla was in a similar boat 8 years ago or so.  Not seeing apples to apples comparison. Clearly Lucid has a lot of work to do to be successful. I have a small stake, still long and holding at this point.

  • TeslaSmurf Gosu8888: WRONG 😑 again:
    Google is reducing its workforce, not Tesla.
    Tesla reduced HIRING “white collars” since June but the overall number of employees has relevantly increased. It’s more: they can’t find enough workers at GigaBerlin and they keep hiring at Austin.

  • TeslaSmurf : And PLEASE read the numbers: Tesla has increased global sales by 42% and profit by 101% year over year. Now is making as much profits as Toyota… with 1/8 of the production.
    ASK and I will be pleased to answer 😂

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