Tomorrow we should expected to see the latest earnings report from Lucid. Hopefully we can get some good news.


Lucid Earnings, LCID Stock
Estimates: Analysts expect Lucid to sharply narrow losses to 39 cents per share, from $1.17 a year earlier. They see nominal revenue of less than $150 million, up from $57.7 million the prior quarter. There is no year-ago revenue, FactSet shows.

Results: Check back late Wednesday.

Outlook: For the full year, Wall Street sees Lucid losing $1.16 a share, significantly less than a loss of $6.41 in 2021, which covers only three reported quarters.

Lucid stock gained 1.5% to 18.53 Monday, closing just below the 50-day average. LCID stock sits 68% below its 52-week high.

Lucid has begun delivering the Lucid Air Grand Touring, which costs an eye-watering $154,000 for an official EPA-estimated 516 miles of range. A more affordable Pure model will launch in Q4.

On May 6, Lucid reported 30,000 Air EV reservations. But it merely maintained a previously lowered target to produce 12,000-14,000 EVs in 2022.

Lucid warned that same day of "global supply-chain and logistics challenges, including Covid-related factory shutdowns in China."