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Lucid, Nikola, Fisker report as Wall Street watches production

Lucid, Nikola, Fisker report as Wall Street watches production

Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26 2021.

Andrew Kelly | Reuters

Investors with beaten up electric vehicle stocks are bracing for the first quarter earnings reports, which kick off in earnest in the coming days.

The year so far has been tough for the asset group: the S&P Kensho Electric Vehicles Index is down about 25% since early 2022 and 43% lower than its February high last year. The index tracks electric car makers such as Tesla and Honda, as well as major auto industry suppliers such as Visteon and Lear.

Some of the industry’s best-known stocks have performed even worse. They usually claim little to no earnings and minimal or no production – and three of them will report earnings over the next two days.

First up, Fisker

Production plans at Nikola

Clarity of Lucid