LCID Earnings Q2 Today: Here’s What to Expect from the EV Stock

LCID Earnings Q2 Today: Here’s What to Expect from the EV Stock

Last month, Lucid reported Q2 2023 production and deliveries of 2,173 and 1,404 vehicles, respectively. These numbers marked a decline compared to the first quarter production and deliveries of 2,314 and 1,406 vehicles, respectively, and sparked concerns about the demand for the company’s EVs due to their high price points and macro challenges. Lucid’s Q2 deliveries also lagged analysts’ consensus estimate of over 1,800 vehicles.  

The analyst said that he plans to revisit his expectations following additional commentary during the second-quarter earnings call.

The anticipated move is determined by computing the at-the-money straddle of the options closest to the expiration after the earnings announcement.