Lucid Is Cash Rich, but Can It Handle Inflation?
Lucid Group (NASDAQ: LCID) reports earnings after market close Monday, Feb. 28. It's a highly anticipated report, as investors will catch a glimpse of how the electric car company's production and deliveries are coming along, as well as how it is navigating inflation and ongoing supply chain constraints.
Lucid's production, deliveries, reservation numbers, progress on the Lucid Air electric sedan line, and plans for the Gravity SUV are important points to focus on. But so are the electric vehicle (EV) company's cash position and spending plans, and how short-term headwinds including inflation and rising interest rates could impact its financial position.
Image source: Lucid Group.
Source Fool.com
