Connect with us

Hi, what are you looking for?


Lucid shares sink 10% on Q1 results: ‘LCID is a zombie stock’

Lucid shares have taken a hit after the electric vehicle manufacturer released its Q1 results, with the stock sinking 10% in response. Some analysts are calling LCID a “zombie stock,” with little hope for a turnaround in the near future.

The Q1 results showed that Lucid had delivered just 557 vehicles in the quarter, well below the 1,800 that had been expected. The company also reported a net loss of $185 million, up from $82 million in the same period last year.

Lucid’s CEO, Peter Rawlinson, blamed the slow delivery numbers on supply chain issues, but investors are growing increasingly skeptical. The company has yet to turn a profit, and with competition in the EV market heating up, some are questioning whether Lucid can survive.

The term “zombie stock” refers to a company that is essentially dead in the water, with little hope for a recovery. While Lucid is not quite at that point yet, the Q1 results have certainly raised concerns among investors.

Despite the setback, Rawlinson remains optimistic about the future of the company. He has stated that Lucid is on track to deliver 20,000 vehicles by the end of the year, and that the company is well-positioned to compete in the EV market.

Only time will tell whether Lucid can turn things around and become a major player in the electric vehicle space. For now, however, the company’s stock is taking a beating, and investors are growing increasingly wary.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    As the United States continues to grapple with the ongoing immigration crisis, the House and Senate have found themselves at odds over how to...

    Latest News

    As the world continues to grapple with the COVID-19 pandemic, the global economy is facing unprecedented challenges. In the United States, President Joe Biden...


    American Airlines stock could double from here, according to JPMorgan. The investment bank has upgraded the airline’s stock to “overweight” and set a price...

    Latest News

    Debt anxiety has been a major concern for many Americans, especially during the pandemic. However, recent developments on Capitol Hill have brought some relief...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2020-2024 The Daily Launch. All Rights Reserved.