Lucid Group produces luxury electric vehicles such as their flagship model Lucid Air and soon-to-released model Lucid Gravity. On Feb. 22, fourth-quarter earnings were released by the company. Net losses were cut in half from just over $1 billion to $473 million. Lucid also produced 3,493 vehicles in Q4, up 53% from the prior quarter. While the company has reported a negative EPS result in the last quarter, we believe that the outlook is brilliant given its market penetration and the production capacity.
Lucid Group Inc.
23/04/2023