Lucid Motors' Abysmal Q2 Raises Even More Questions

Aug. 10, 2022 12:28 AM ETLucid Group, Inc. (LCID)12 Comments


  • Lucid posted a nearly 40% miss in revenues alongside a 50% production guidance cut as it navigated a challenging Q2.
  • Digging deeper into Q2's results raises more questions than answers about ability to scale during Q3, sourcing components, margins, and a delivery slowdown.
  • Reservation updates seem to show a declining trend in ASPs even as price hikes take effect, spurring questions about affordability and product mix.
  • A Q4 launch of the Pure and Touring, which likely command ~85% of reservations, sets the stage for a potentially weaker-than-expected Q3.
  • Lucid's long-term outlook is clouded by the massive ~67% production cut from 20,000, as production from 2025 may fall significantly short of original targets.
Lucid Air Electric Car


Lucid Motors (NASDAQ:LCID) reported quite a dismal quarter, missing heavily on revenues while slashing a previous production guidance of 12,000 to 14,000 units this year in half. Questions about Lucid's ability to reach an original 20,000 unit target for 2022 have

This article was written by

Your hub for everything mobility related. Coverage will primarily focus on the automotive industry, namely EV, and will touch upon charging, infrastructure, AV, eVTOL, and other mobility sectors.  Feel free to reach out with questions or comments!

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Recommended For You

Comments (12)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.