Lucid Motors Quarter 4 Earnings Report is coming out today and it comes at a much needed time. As Lucid shares have dropped from $45 to hitting a low in the $24 range in the span of five weeks. That could all change if Lucid Motors gives investors some very great news for the future of the electric vehicle company.
2022 is a gigantic year for Lucid motors. They want to ramp up production from 500 vehicles to around 20,000. If Lucid motors maintains this number, look for $LCID to make a move to the upside.
20,000 Vehicles Produced In 2022?
Lucid Motors has begun producing the Grand Tourings, and they have also begun the delivering process. VIN numbers were assigned to LucidAir GT reservation holders a couple weeks ago and now sources say that the GTs are now being delivered. That is huge news for Lucid Motors and the 2022 production numbers.
Studios are also receiving some Grand Tourings to show to potential customers and for test drives with a simple appointment. Studios like Tysons Corner Center in Washington D.C. Metro Area and more studios. That is very exciting for Lucid Motors and the ramp up sounds like it is rapid.
Lucid has begun hiring second shirt factory workers and have also announced that they have signed on a third shift of employees. This is all for the production numbers to exceed 20,000. Lucid Motors motto is underpromise, overdeliver and if $LCID investors hear a positive earnings call, we could see a nice rebound soon.
Update On The Europe Expansion
Lucid Motors main twitter account stated that it would provide more information surrounding the growth expansion to Europe. We have seen one LucidAir in Germany and this could just be the start of the Lucid sightings. As Lucid continues to hire more people from both Europe and Asia as we have in Taiwan, we could get some great expansion news.
Lucid has stated they will implement more Lucid Studios around in some regions of Europe, they already have studios in other parts of the world. However, they are just starting their growth year of 2022 because we could hear more news on the AMP factory and potentially some news about the Middle East cars that could be delivered over there in 2022.
What Investors Should Know About Lucid Motors Earnings
Lucid Motors does not expect to be profitable until 2023 or 2024, so many investors are not exactly looking for a beat, but the earnings call is where the awesome information is going to be. We could hear some more info about the Project Gravity, 2022 reservations, and expansion news. This will be a great call for investors that are uncertain about Lucid because of their part issue and global chip shortage.
The short term trading of the stock may scare some investors off with how volatile $LCID is, but the earnings call will allow some large institutions and investors to see how Lucid Motors projects their company to be in the next 6 months to 12 months. The timing of the earnings call is not the best, but if Lucid does surprise some people, we could see a nice run.
My Thoughts About The Earnings Call
I am optimistic about the Earnings Call and it will provide investors with a lot of comfortability for 2022. It will give a better idea of what to expect from Lucid next quarter and beyond. I am very interested to hear about the Project Gravity, AMP update and some more information on when the Grand Tourings are going to start rapidly getting delivered to customers. I am sure many of my questions will be answered and I do hope for a great earnings call.
Anthony Donati focuses on electric vehicles and renewable energy companies. He covers Lucid Motors news at Torque News. Please follow him on Twitter at @TheLucidVerse for daily Lucid Motors news. He has a degree in Business Administration with a concentration in Finance. DISCLAIMER: Anthony is a Lucid Motors (LCID) stock holder.
Images Courtesy of Lucid Motors Gallery