Lucid CEO Peter Rawlinson served as chief engineer on Tesla's landmark Model S. The Air, a no-compromises luxury sedan with huge range and performance, could be thought of as an updated take on the ideas that formed the Model S.
Reviews of the Air have been very good – among other accolades, the Air was Motor Trend's Car of the Year. But Lucid has struggled to ramp up production of the Air amid ongoing global supply-chain disruptions. In February, itThe status of Lucid's production ramp-up is likely to be a hot topic on Thursday's earnings call.
Lucid's stock is down about 49% this year through Tuesday, and off 66% from its all-time high of $58.05, set in February of 2021.
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