Lucid Motors Reservations Dwindle As Production Comes Up Short
After the regular market close yesterday, Lucid Group (NASDAQ: LCID) announced 4Q 2022 results that were disappointing in virtually all respects. Particularly noteworthy was a 4Q 2022 cash burn (defined as negative operating cash flow plus capital expenditures) of about US$940 million and management’s 2023 production forecast of only 10,000 to 14,000 vehicles While the production forecasts amounts to more … Continue reading Lucid Motors Reservations Dwindle As Production Comes Up Short
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed