{"id":75027,"date":"2024-01-11T21:31:00","date_gmt":"2024-01-11T21:31:00","guid":{"rendered":"https:\/\/www.carscoops.com\/?p=2910643"},"modified":"2024-01-11T21:31:00","modified_gmt":"2024-01-11T21:31:00","slug":"lucid-shares-sink-to-all-time-low-after-poor-q4-results-and-inflation-worries","status":"publish","type":"post","link":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/2024\/01\/11\/lucid-shares-sink-to-all-time-low-after-poor-q4-results-and-inflation-worries\/","title":{"rendered":"Lucid Shares Sink To All-Time Low After Poor Q4 Results And Inflation Worries"},"content":{"rendered":"<div><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/01\/2023-Lucid-Air-3-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\" loading=\"lazy\" style=\"margin-bottom: 15px;\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/01\/2023-Lucid-Air-3-1024x576.jpg 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/01\/2023-Lucid-Air-3-400x225.jpg 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/01\/2023-Lucid-Air-3-768x432.jpg 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/01\/2023-Lucid-Air-3-1536x864.jpg 1536w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/01\/2023-Lucid-Air-3-2048x1152.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/div>\n<p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<html><body><\/p>\n<p>Lucid shares hit a record low on Thursday following the release of its quarterly production results. The automaker delivered fewer vehicles in the last quarter of 2023 compared to the same period in 2022.<\/p>\n<p><!--  [Mobile]med_rect_atf --><\/p>\n<div data-pw-mobi=\"med_rect_atf\" id=\"pwMobiMedRectAtf\"><\/div>\n<p><script type=\"text\/javascript\">\n  window.ramp.que.push(function () {\n      window.ramp.addTag(\"pwMobiMedRectAtf\");\n  })\n<\/script><\/p>\n<p>In a statement, Lucid reported producing a total of 2,391 vehicles in Q4, with 1,734 of them delivered to customers. This marked roughly a 10 percent decline in <a href=\"https:\/\/www.carscoops.com\/tag\/sales\/\">deliveries<\/a> compared to the same period the previous year when 1,932 units were handed over to customers.<\/p>\n<p>Meanwhile, its production decreased by around 31 percent for the last quarter of the year, although <a href=\"https:\/\/www.carscoops.com\/tag\/lucid\/\">Lucid <\/a>had previously cautioned investors about this possibility. Throughout 2023, the automaker revised its production forecasts twice, starting <a href=\"https:\/\/www.carscoops.com\/2023\/10\/lucid-looks-poised-to-miss-its-10000-unit-production-goal\/\">from an initial 12,000, then reducing it to 10,000<\/a>, and ultimately settling between 8,000 and 8,500.<\/p>\n<div class='in-asd-content'>\n<h6>advertisement scroll to continue<\/h6>\n<div data-pw-desk='med_rect_atf' id='pwDeskMedRectAtf'><\/div>\n<p><script type='text\/javascript'>\n  window.ramp.que.push(function () {\n      window.ramp.addTag('pwDeskMedRectAtf');\n  })\n<\/script>\n<\/div>\n<p><!--  [Mobile]med_rect_btf --><\/p>\n<div data-pw-mobi=\"med_rect_btf\" id=\"pwMobiMedRectBtf1\"><\/div>\n<p><script type=\"text\/javascript\">\n  window.ramp.que.push(function () {\n      window.ramp.addTag(\"pwMobiMedRectBtf1\");\n  })\n<\/script><\/p>\n<p><strong>Read: <a href=\"https:\/\/www.carscoops.com\/2023\/12\/lucid-confirms-50000-tesla-model-3-y-rivals-arriving-after-2025\/\">Lucid Confirms $50,000 Tesla Model 3\/Y Rivals Coming After 2025<\/a><\/strong><\/p>\n<p>        <a href=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/01\/rrtrer4t43434334.jpg\" data-type=\"inarticle-image-block\"> <\/p>\n<figure class=\"wp-block-image size-large\">\n                <picture><source type=\"image\/webp\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/01\/rrtrer4t43434334.webp 1398w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/01\/rrtrer4t43434334-400x228.webp 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/01\/rrtrer4t43434334-1024x583.webp 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/01\/rrtrer4t43434334-768x437.webp 768w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\"><\/source><img decoding=\"async\" class=\"lazy \" src=\"\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/01\/rrtrer4t43434334.jpg 1398w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/01\/rrtrer4t43434334-400x228.jpg 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/01\/rrtrer4t43434334-1024x583.jpg 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/01\/rrtrer4t43434334-768x437.jpg 768w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\" alt=\" Lucid Shares Sink To All-Time Low After Poor Q4 Results And Inflation Worries\" data-src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/01\/rrtrer4t43434334-1024x583.jpg\" data-type=\"inarticle-image\">\n                <\/picture><figcaption>Google<\/figcaption><\/figure>\n<p>        <\/a>  <\/p>\n<p>The EV company managed to meet the final target, producing a total of 8,428 vehicles in all in 2023. That was about 17 percent more vehicles than it managed to produce in 2022. Despite that, <a href=\"https:\/\/www.barrons.com\/amp\/articles\/lucid-ev-stock-inflation-95189641\">Barron&rsquo;s<\/a> reports that the company&rsquo;s stock was down 6.3 percent in early trading on Thursday.<\/p>\n<p>While these results are unfavorable for the automaker, they may not be the sole factor affecting its share value. Alongside reporting its Q4 figures, investors also discovered that inflation exceeded December forecasts.<\/p>\n<div id=\"taboola-mid-article\"><\/div>\n<p><script type=\"text\/javascript\">\n  window._taboola = window._taboola || [];\n  _taboola.push({\n    mode: 'thumbnails-a-mid',\n    container: 'taboola-mid-article',\n    placement: 'Mid Article',\n    target_type: 'mix'\n  });\n<\/script><\/p>\n<div id=\"taboola-mid-article-thumbnails-organic\"><\/div>\n<p><script type=\"text\/javascript\">\n  window._taboola = window._taboola || [];\n  _taboola.push({\n    mode: 'thumbnails-oc-2x1',\n    container: 'taboola-mid-article-thumbnails-organic',\n    placement: 'Mid Article Thumbnails Organic',\n    target_type: 'mix'\n  });\n<\/script><\/p>\n<p>As a result of that, the expectation is that interest will be high for longer than expected, making cars more expensive. In Lucid&rsquo;s case, that particularly bad news since it only sells a single premium <a href=\"https:\/\/www.carscoops.com\/tag\/electric-vehicles\/\">electric sedan<\/a>, demand for which is more sensitive to interest rates.<\/p>\n<p>In a note seen by <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/ev-maker-lucids-deliveries-rise-sequentially-higher-discounts-2024-01-11\/\">Reuters<\/a>, Garrett Nelson, a senior equity analyst at CFRA Research, suggests that Lucid&rsquo;s share prices may continue to decline from this point.<\/p>\n<p>&ldquo;With (Lucid) shares hitting a new record low, we see little in the way of fundamental or technical support for the stock and expect additional lows to be set,&rdquo; Nelson wrote.<\/p>\n<p>        <a href=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/01\/2023-Lucid-Air-1.jpg\" data-type=\"inarticle-image-block\"> <\/p>\n<figure class=\"wp-block-image size-large\">\n                <picture><source type=\"image\/webp\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/01\/2023-Lucid-Air-1.webp 2200w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/01\/2023-Lucid-Air-1-400x267.webp 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/01\/2023-Lucid-Air-1-1024x683.webp 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/01\/2023-Lucid-Air-1-768x512.webp 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/01\/2023-Lucid-Air-1-1536x1024.webp 1536w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/01\/2023-Lucid-Air-1-2048x1366.webp 2048w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\"><\/source><img decoding=\"async\" class=\"lazy \" src=\"\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/01\/2023-Lucid-Air-1.jpg 2200w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/01\/2023-Lucid-Air-1-400x267.jpg 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/01\/2023-Lucid-Air-1-1024x683.jpg 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/01\/2023-Lucid-Air-1-768x512.jpg 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/01\/2023-Lucid-Air-1-1536x1024.jpg 1536w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/01\/2023-Lucid-Air-1-2048x1366.jpg 2048w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\" alt=\" Lucid Shares Sink To All-Time Low After Poor Q4 Results And Inflation Worries\" data-src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/01\/2023-Lucid-Air-1-1024x683.jpg\" data-type=\"inarticle-image\">\n                <\/picture>\n            <\/figure>\n<p>        <\/a><br \/>\n        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Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training. \r\n<br><br>Contact us right away. <br><br>Email (Prefer using email to contact us): <br>SalesExecutive@ITSec.vip<\/p>","protected":false},"excerpt":{"rendered":"<div><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/01\/2023-Lucid-Air-3-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\"><\/div>\n<p>Lucid met its revised production goal of 8,000 deliveries in 2023, but sales were down in Q4<\/p>\n","protected":false},"author":349,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-container-style":"default","site-container-layout":"default","site-sidebar-layout":"default","disable-article-header":"default","disable-site-header":"default","disable-site-footer":"default","disable-content-area-spacing":"default","footnotes":""},"categories":[3267,6165],"tags":[61,122,127,129,124,128,125,132,131,133,126,130,123,66,94,88,97,56,64,65,60,3344,3351,3357,3360,3335,3340,3362,112,3353,40,75,95,3350,3352,3356,3343,3359,3339,3345,3334,3341,104,3354,33,120,3358,3349,3337,3348,105,101,98,115,30,29,41,86,3342,3361,70,69,68,72,71,26,118,108,87,3355,46,55,48,52,54,51,50,83,3338,62,58,57,3336,109,35,3346,59,63,85,79,82,96,80,27,81,114,44,42,43,45,38,39,110,117,100,111,116,3300,73,89,90,92,91,93,84,78,37,102,34,36,77,67,74,99,113,3347,119,28,121,32,47,49,53,103,31,76],"class_list":["post-75027","post","type-post","status-publish","format-standard","hentry","category-car-or-automobile","category-news","tag-airpods","tag-anime","tag-anime-characters","tag-anime-cosplay","tag-anime-edits","tag-anime-merchandise","tag-anime-movies","tag-anime-news","tag-anime-recommendations","tag-anime-reviews","tag-anime-series","tag-anime-streaming","tag-animes","tag-app-store","tag-app-store-samsung","tag-appgallery","tag-appgallery-oneplus","tag-apple","tag-apple-music","tag-apple-tv","tag-apple-watch","tag-auto-financing-guide","tag-automobile-industry-news","tag-automobile-laws-and-regulations","tag-automobile-shows-and-expos","tag-automobile-specifications","tag-automobile-technology","tag-autonomous-vehicles","tag-bbc-sport","tag-best-cars-for-long-drives","tag-best-mobile-games","tag-bixby","tag-bixby-xiaomi","tag-car-accessories","tag-car-comparison","tag-car-customization-ideas","tag-car-insurance-advice","tag-car-interior-design-ideas","tag-car-maintenance-tips","tag-car-resale-value","tag-car-reviews","tag-car-safety-features","tag-champions-league","tag-city-cars","tag-cyberpunk","tag-cyberpunk-2077","tag-driving-tips-and-tricks","tag-eco-friendly-cars","tag-electric-vehicles","tag-family-cars","tag-fantasy-football","tag-fifa","tag-football","tag-formula-1","tag-fortnite","tag-free-fire","tag-free-mobile-games","tag-freebuds-pro","tag-fuel-efficiency-tips","tag-future-of-automobiles","tag-galaxy-a52","tag-galaxy-note-20","tag-galaxy-s21","tag-galaxy-watch-4","tag-galaxy-z-fold-3","tag-game","tag-games","tag-golf","tag-harmonyos","tag-highway-cars","tag-how-to-backup-iphone","tag-how-to-factory-reset-iphone","tag-how-to-reset-iphone","tag-how-to-restore-iphone","tag-how-to-unlock-iphone","tag-how-to-unlock-iphone-5","tag-how-to-unlock-iphone-6","tag-huawei","tag-hybrid-cars","tag-ios","tag-ipad","tag-iphone","tag-latest-car-models","tag-live-soccer","tag-lol","tag-luxury-cars","tag-macbook","tag-macos","tag-mate-40-pro","tag-mi-11-lite","tag-mi-home-security-camera-basic-1080p","tag-mi-home-security-camera-basic-1080p-huawei","tag-mi-smart-band-6","tag-minecraft","tag-miui","tag-mlb-scores","tag-mobile-game-design","tag-mobile-game-development","tag-mobile-game-marketing","tag-mobile-game-monetization","tag-mobile-games","tag-mobile-gaming","tag-nba-scores","tag-nba-standings","tag-nfl","tag-nfl-scores","tag-nhl-scores","tag-off-road-vehicles","tag-one-ui","tag-oneplus","tag-oneplus-9-pro","tag-oneplus-buds-pro","tag-oneplus-nord-ce-5g","tag-oxygenos","tag-p40-pro-plus","tag-poco-x3-pro","tag-pokemon","tag-premier-league","tag-pubg","tag-pubg-mobile","tag-redmi-note-10-pro","tag-samsung","tag-samsung-pay","tag-soccer","tag-sports","tag-sports-cars","tag-steam","tag-steeam","tag-top-10-anime","tag-valorant","tag-when-do-the-iphone-7-come-out","tag-when-does-the-iphone-7-come-out","tag-when-is-the-iphone-7-coming-out","tag-world-cup","tag-xbox-series-x","tag-xiaomi"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/75027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/users\/349"}],"replies":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/comments?post=75027"}],"version-history":[{"count":1,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/75027\/revisions"}],"predecessor-version":[{"id":75028,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/75027\/revisions\/75028"}],"wp:attachment":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