Lucid motors stock forecast volumes have surged by 22%

Volumes have surged by 22%, signaling heightened short-term volatility. The surprise announcement came as part of Lucid’s earnings report after the market close Feb. 25. Rawlinson did not participate on the earnings call. Based on all that, you could easily conclude that the second quarter was a solid one for Lucid. And the company is, in fact, making progress toward its goals. But there was also negative news in the quarter. For example, while deliveries were up, the company still only produced 3,800 or so cars. That would be barely a rounding error for most automakers. And, perhaps more notable, the company lowered its full-year production guidance from 20,000 to between 18,000 and 20,000. That may not sound like a huge difference, but on a percentage basis, it suggests that Lucid could miss management's original production goal by as much as 10%. That's notable and not good, even though it isn't surprising for an upstart manufacturer to encounter problems as it ramps up production. Lucid Motors stock forecast saw a modest upgrade from two research firms this month after battery efficiency improvements were verified. Projected gross margin expansion could add $150M to annual revenue by 2025, feeding into upward revisions.