Lucid shares sink 10% on Q1 results: ‘LCID is a zombie stock’
Lucid shares down on vague outlook
The EV stock is being hit also because the management turned a bit vague in terms of production outlook.
Lucid now expects to make more than 10,000 vehicles this year. Its previous guidance was for 10,000 to 14,000. Still, CFO Sherry House said in the earnings press release :
Our mission and optimism are unchanged. We’re committed to an env...