LCID is nothing but - Sand slipping through fingers
Updated
They lose -500K for every car they sell.
Their sales are down ~30% since Q4 of 2022.
Their production is down ~40% since Q4 of 2022.
They have 4,900 cars in inventory, which is more than 3x their average quarterly deliveries, or 310 days on hand.
In 2021, they had a target of 5.5B in 2023. So far this year, they are on track to hit 600M. That's 90% less than expected.
In Q2 of 2022, they highlighted an installed annual production capacity of 34k cars. In 2023, they are aiming to produce 10k cars. That's 70% less than expected.
In Q4 of 2022, Lucid said they have 28k reservations. In Q1 and Q2 of 2023, this guidance is missing, while they have ~4.9k units in inventory, or 310 days on hand.
They have 6.25B in liquidity and are burning cash at ~900M per quarter. That's a runway of 7 quarters after an injection of 33B from the Saudi's. Without it, Lucid would have ~3 quarters of life left.
They just cut prices on their models by up to 18%, meaning that they will likely lose more money per car in the upcoming quarters.
They are launching a new SUV in 2024, which will add additional expenses to the business as it ramps up production, on top of an already unprofitable business.
Without the Saudi's pumping money into the business, it's tough to see how Lucid survives for much longer. They will have another public offering means stock will crash back to earth
Their sales are down ~30% since Q4 of 2022.
Their production is down ~40% since Q4 of 2022.
They have 4,900 cars in inventory, which is more than 3x their average quarterly deliveries, or 310 days on hand.
In 2021, they had a target of 5.5B in 2023. So far this year, they are on track to hit 600M. That's 90% less than expected.
In Q2 of 2022, they highlighted an installed annual production capacity of 34k cars. In 2023, they are aiming to produce 10k cars. That's 70% less than expected.
In Q4 of 2022, Lucid said they have 28k reservations. In Q1 and Q2 of 2023, this guidance is missing, while they have ~4.9k units in inventory, or 310 days on hand.
They have 6.25B in liquidity and are burning cash at ~900M per quarter. That's a runway of 7 quarters after an injection of 33B from the Saudi's. Without it, Lucid would have ~3 quarters of life left.
They just cut prices on their models by up to 18%, meaning that they will likely lose more money per car in the upcoming quarters.
They are launching a new SUV in 2024, which will add additional expenses to the business as it ramps up production, on top of an already unprofitable business.
Without the Saudi's pumping money into the business, it's tough to see how Lucid survives for much longer. They will have another public offering means stock will crash back to earth
Note
Nice Sell off As expected we will be loading it Around $ 5.21 to $ 4.66 All InNote
This Stock is going to $1.25 to $0.96 Possibly Another public offering that retail investor will pay the price
Bankruptcy is high likely for
LCIDNote
Late Friday, Nasdaq announced that Lucid would be removed from the Nasdaq 100 Index, effective prior to the market open on Dec. 18.
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