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Lucid's Future Just Got a Lot Darker

TheMotleyFool

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Lucid's Future Just Got a Lot Darker: https://g.foolcdn.com/editorial/images/731746/ev-being-charged-at-sunset.jpg

Lucid's (NASDAQ: LCID) first-quarter 2023 earnings report didn't do a lot to ease investors' fears about the company. Lower guidance means cash burn will continue throughout the year and it's likely the company will need to raise more cash. In this video, Travis Hoium covers why he's concerned about the stock.

*Stock prices used were end-of-day prices of May 8, 2023. The video was published on May 9, 2023.

Source Fool.com

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