Lucid Motors, an electric vehicle (EV) manufacturer backed by Saudi investors, announced underwhelming Q4 2023 delivery numbers prior to its investor call in late February. The startup has encountered multiple hurdles since presenting the Lucid Air prototype in 2017. Despite the promising potential of the Lucid Air, production delays and supply chain issues have contributed to the disappointing Q4 figures. Nevertheless, Lucid remains optimistic about overcoming these challenges, emphasizing a strategy to improve global distribution and secure key resources necessary for scaling up production.