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Could these EV companies have an unsolvable demand problem?
Lucid (LCID -9.71%) and Tesla (TSLA 3.57%) recently reported production and delivery figures for the most recent quarter. The numbers show a decreasing demand for higher-priced EVs.
*Stock prices used were the afternoon prices of April 13, 2023. The video was published on April 15, 2023.
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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