Lucid Hits Speed Bumps: Why Deliveries Missed the Mark and Analysts Are Concerned
Lucid missed Q3 deliveries by ~18%. Stock dropped >9%. Analysts downgraded to "strong sell" citing weak demand, cash burn, and high costs.
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Lucid missed Q3 deliveries by ~18%. Stock dropped >9%. Analysts downgraded to "strong sell" citing weak demand, cash burn, and high costs.
Rivian sales jumped due to a tax credit rush, but they cut their yearly delivery forecast. Costs are rising, making future profits tough.