![]() Insiders reveal why many are losing hope - and who's most likely to survive. Investors are giving up on the 'next Tesla' as startups like Rivian and Lucid struggle. EV (Electric Vehicle) maker Lucid ( NASDAQ:LCID) will announce its Q4 financials after the market closes on February 22. The company continues to ramp up production and delivery volumes. It's no easy feat to build an all-star team, ramp up brand-new manufacturing processes, and deliver the most efficient EV in the world. Lucid is set to report its fourth-quarter financial results on Wednesday, February 22, 2023. Quality control may prove vital for any EV startup trying to outdo Tesla. Lucid has struggled to build relationships with suppliers that don't necessarily want to place their bets on a risky startup. and its common stock began trading on the Nasdaq. specializes in the design, manufacture and marketing of luxury. ![]() Lucid expects to manufacture 365,000 evs per year starting from 2022. Previously named Churchill Capital Corp IV (CCIV), the post-combination company was renamed Lucid Group, Inc. The company designs, engineers, and builds electric vehicles, ev powertrains, and battery systems. And its common stock is expected to trade on nasdaq under the ticker symbol lcid beginning on july 26, 2021. The EV maker missed on revenue and said it will make fewer cars this year than Wall Street. Lcid Stock Is Showing Leadership That Deserves Investors Attention. ![]() Supply-chain issues have wreaked havoc on major automakers across the globe. Lucid Group shares fell as much as 10 in Thursdays premarket after a disappointing earnings update. ![]() While Lucid is a strong player in the world of EVs, many challenges - both specific to the company and industry-wide - could stand in the way of its long-term success. Lucid has seen success - but it still has hurdles to overcome in 2023. Lucid fell short of Wall Streets quarterly expectations on Wednesday, alarming investors and leaving experts concerned about continued demand for its expensive cars. ![]()
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