Lucid Group (NASDAQ: LCID) reported its deliveries and production for Q2 2023 this morning, and its stock tanked as a result of the numbers, which showed fewer cars were built and deliveries remained flat. Lucid delivered just two fewer deliveries in Q2 than in Q1, with 1,404 cars arriving to customers during the second three-month […]
  • @KbobabobEnglish
    2•2 years ago

    7.7 to 7.1 is tanked? A bit dramatic don’t ya think?

    • @BB69English
      4•2 years ago

      11% is a fairly decent drop

    • @elskerteslaOPEnglish
      2•2 years ago

      Lucid’s Q2 sales were lower than expected, which is not good for a company that needs growth to become profitable. Similar to how Tesla ramped up production and sales, Lucid will need to increase its delivery numbers in order to turn a profit.