7 Red Flags for Lucid Group's Future

Lucid Group's (NASDAQ: LCID) stock plunged 14% on March 1 after the electric vehicle (EV) maker posted its fourth-quarter earnings report. Let's review the seven red flags and see if investors should be concerned.

Lucid generated $26.4 million in revenue in Q4, compared to just $3.6 million in revenue a year earlier. That big year-over-year jump occurred after Lucid started delivering its first Lucid Air sedans last October.

However, Lucid still broadly missed analysts' expectations by $33.5 million. Lucid delivered 125 sedans by the end of 2021, but that only represented less than a quarter of its initial batch of 520 "Dream" edition Air sedans. Analysts expected Lucid to ship more vehicles by the end of December.

Continue reading

Source Fool.com