Just caught that Lucid reported earnings and man, this stock is getting beat up. Down 37% year-to-date and trading around $6.54 - rough year for LCID holders. Wall Street was expecting a loss of $2.35 per share and roughly $370 million in revenue, which would be solid growth on paper at 57% year-over-year. But here's the thing - Lucid has missed estimates in six of the last nine quarters, so expectations are kind of low at this point.

The Uber angle is what everyone's watching though. They just dropped another $200 million into this and now hold like 11.5% of the company. Plus Uber committed to buying at least 35,000 Lucid vehicles for their robotaxi fleet. That's huge if it actually happens, but investors are still trying to figure out when those cars actually start shipping and if this translates to real revenue.

One thing that caught attention during Q1 was that Gravity SUV delivery pause - 29 days stuck because of supplier issues. That definitely hurt numbers even though production was solid. Analysts want to hear that's sorted now. Lucid's targeting 25,000 to 27,000 vehicles for the full year, so guidance confirmation today probably moves the needle either way.

Consensus among analysts is basically Hold, average price target around $13.13 which implies over 100% upside from here. Though RBC just cut their target to $8 citing macro pressure. Interesting to see if today's print changes anyone's mind on LCID or if it's just more of the same miss situation.