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Lucid Is in Serious Trouble After Terrible Quarter

The quarter was worse than it seemed.

By Travis Hoium – Feb 25, 2023 at 9:45AM EST

Lucid's (LCID 0.96%) fourth-quarter earnings results were nothing short of a disaster. The company is burning cash like crazy but the worst news is that customers are canceling reservations for the company's vehicles. It doesn't matter how quickly you ramp production if demand is falling, something Travis Hoium digs into in this video.

*Stock prices used were end-of-day prices of Feb. 22, 2023. The video was published on Feb. 25, 2023.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in Rivian Automotive and has the following options: long March 2023 $250 puts on Tesla. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. 

Stocks Mentioned

Lucid Group Stock Quote
Lucid Group
NASDAQ: LCID
$6.19
(-0.96%)-$0.06
Tesla Stock Quote
Tesla
NASDAQ: TSLA
$398.71
(+2.40%)+$9.34
Rivian Automotive Stock Quote
Rivian Automotive
NASDAQ: RIVN
$14.48
(-0.82%)-$0.12

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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