Lucid Announces Production And Delivery Results In Q2 2023: Worrying?
I'm worried about Lucid Motor. Compare Q2 2023 delivery with other EV companies:
Tesla sold 466,140 vehicles
Rivian sold 12,640 vehicles
Lucid: sold 1,404 vehicles
Tesla sold 466,140 vehicles
Rivian sold 12,640 vehicles
Lucid: sold 1,404 vehicles
Quote:
Lucid Air production in Q2 2023 amounted to 2,173 cars, which is 204 percent more than a year ago. Meanwhile, customer deliveries amounted to 1,404 (up 107 percent year-over-year).
Those results look outstanding, as long as we don't realize that in both cases they are lower than in Q1 and in Q4 2022. Actually, we are talking about two consecutive quarters of decline in production and deliveries.
Those results look outstanding, as long as we don't realize that in both cases they are lower than in Q1 and in Q4 2022. Actually, we are talking about two consecutive quarters of decline in production and deliveries.
Another thing is the ongoing disproportion between production and deliveries, which amounted to some 769 units in Q2 and almost 4,500 in the past six quarters. One might ask, are those cars in transit to customers or waiting for orders?
Source:
$BYD COMPANY (01211.HK)$ $BYD Co. (BYDDF.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $VOLKSWAGEN A G (VWAGY.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $XPeng (XPEV.US)$ $General Motors (GM.US)$ $Ford Motor (F.US)$ $Rivian Automotive (RIVN.US)$ $MERCEDES-BENZ GROUP AG (MBGAF.US)$ $TOYOTA MOTOR CORP (TOYOF.US)$ $GEELY AUTO (00175.HK)$ $Lucid Group (LCID.US)$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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