Stock Momentum

[The_Don]

Lucid released Q3 production and deliveries today. Not the strongest performance, but better than estimates and they've indicated Gravity demand continues to regain momentum. As of writing, LCID is down 0.75% in after hours trading. Hopefully they can keep this momentum!

Production: 2,954
Deliveries: 3,806

Also posting this thread so we can stop using the "Target $0" as our go-to stock thread.

 

[Need4Sleep]

Here's the link in case anyone wants to read it: https://ir.lucidmotors.com/news-rel...-q3-production-and-deliveries-sets-date-third

 

[Need4Sleep]

The silver lining that I see is that Gravity is still regaining momentum. I'm taking it as a good sign given how well SUVs sell. More owners mean it'll build more brand awareness via word-of-mouth

 

[gaskiller]

Lucid released Q3 production and deliveries today. Not the strongest performance, but better than estimates and they've indicated Gravity demand continues to regain momentum. As of writing, LCID is down 0.75% in after hours trading. Hopefully they can keep this momentum!

Production: 2,954
Deliveries: 3,806

Also posting this thread so we can stop using the "Target $0" as our go-to stock thread.

Primary goal should be reducing cash burn. Looks like they are making progress. Produced 800 less than delivered.

Hopefully Gravity deliveries will increase into Q4.

 

[Leftlane]

Lucid released Q3 production and deliveries today. Not the strongest performance, but better than estimates and they've indicated Gravity demand continues to regain momentum. As of writing, LCID is down 0.75% in after hours trading. Hopefully they can keep this momentum!

Production: 2,954
Deliveries: 3,806

Also posting this thread so we can stop using the "Target $0" as our go-to stock thread.

Stock is heading down and you want to keep that momentum? Seems like target $0 might be accurate then.

 

[illopp00]

Lucid released Q3 production and deliveries today. Not the strongest performance, but better than estimates and they've indicated Gravity demand continues to regain momentum. As of writing, LCID is down 0.75% in after hours trading. Hopefully they can keep this momentum!

Production: 2,954
Deliveries: 3,806

Also posting this thread so we can stop using the "Target $0" as our go-to stock thread.

Hooray to eating down inventory!!, Production costs being redirected to service is a good balance.

 

[BS8899]

Hooray to eating down inventory!!, Production costs being redirected to service is a good balance.

Reduced production, selling inventory, steps in the right direction.

They are hiring at the SCs. I met a new service advisor last week when I went to the Scottsdale SC. That said, they need to revisit some of their SC appointment booking/servicing algorithm. It hurst Lucid and the customers when you take months to schedule a service appointment and then 2-4 weeks to actually complete service of the vehicle. Meanwhile, Lucid pays for a loaner!

I'd love to hear Silvio's articulation of his action plan at his November conference call.

Still a long way to go!