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