Lucid’s Discounts Are a Bad Omen for Demand

Lucid Group


stock has skidded 37% in the month since the electric-car maker said that its order backlog shrank in the September quarter. So investors will be laser-focused on whether Lucid’s order book shrinks again in the current quarter. 

At a recent stock price of $8.70, investors value Lucid (ticker: LCID) at $16.5 billion, including $2 billion in debt. Analysts surveyed by VisibleAlpha.com estimate that the company is likely to burn through $3.4 billion cash while producing its goal of 7,000 cars this year.