Lucid Group, Inc. (NYSE:LUD) is a manufacturer of electric vehicles. The company was founded in 2007 and is based in Newark, California. Lucid’s target delivery date is October 30, 2021. The company expects its first electric vehicles to be on the market by the end of the decade.
Lucid is facing production and delivery challenges, but is trying to communicate its commitment to quality excellence. Despite ramp-up and quality concerns, Lucid has increased output during the second quarter. This makes it stand out from its peers. On the other hand, rival Rivian has also been able to increase its output this quarter despite the difficulty in manufacturing.
Lucid’s website has lots of information about the company. It includes an investors’ section. There are also links to financial statements and annual reports. Investors can view this information to get an overview of the company. In addition to financial data, Lucid’s annual report also has supplemental data and descriptions of the company’s business. Additionally, the company’s 10-K report is available for those who wish to read the full text.
Investors can evaluate Lucid’s financial reports by comparing the company’s current valuation to other companies. They may also compare Lucid’s valuation metrics with those of other stocks in their portfolio. Other factors to consider include the investor’s time horizon, which is the amount of time they plan to hold a particular stock. Lastly, investors can look at analyst ratings and analysis articles about Lucid.