1
LCID stock fell by 3.49% in a week and 66.01% in a year.
2
Experts argue that supply chain issues and expensive models caused a fall in the share price.
Lucid Group Inc. is facing trouble taking on the EV market, causing LCID stock to fall by 4.55%. Nevertheless, DNB Asset Management raised their investment in the company. Norway’s biggest bank altered its position in its United States traded stock portfolio. Notably, the luxury EV manufacturer fell short of deliveries forecast for Q2 2023.
Lucid Group Inc. (LCID Stock) – Financial Analysis
From April 2023 to June 2023, Lucid delivered 1,404 cars. In the first quarter of this year, the company delivered 1,406 vehicles. These numbers are very low compared to the analysis expectation of 2,000 deliveries per quarter.
In terms of production, Lucid produced only 2,173 vehicles at its Arizona plant, and this number fell by 6% compared to the previous quarter. However, in February 2023, the EV man
We współpracy z: https://www.thecoinrepublic.com/2023/07/21/lucid-group-inc-lcid-stock-fighting-supply-chain-ev-price/
