Lucid's slow deliveries, cancelled orders, and increasing competition are 'red flags,' experts say

• Lucid reported full year 2022 results on Wednesday and fell short of estimates.
• The startup says it is going to build 10,000 to 14,000 EVs this year.
• Industry analysts say the company has a lot to prove.

Lucid fell short of Wall Street's quarterly expectations on Wednesday, alarming investors and leaving experts concerned about continued demand for its expensive cars.