Lucid's Delivery Gains, New SUV Can't Shake Profit Concerns
Lucid (LCID) Benzinga·2024-11-09 02:20
Lucid Group Inc. LCID is betting big on its upcoming Gravity SUV to capture a broader slice of the electric vehicle (EV) market, but it's a cautious play for investors. Needham's Chris Pierce reaffirmed a Hold rating on LCID stock, highlighting promising delivery gains while flagging concerns over long-term profitability and further dilution risks.Chart created using Benzinga ProLucid’s Rising Deliveries, Falling MarginsLucid's latest earnings report spotlighted a third consecutive quarter of record deliver ...