the red ink is piling up for electriccar startups and their stocks are getting hit yet again lucid shares are down more than 10 in premarket trading after the automaker said monday reported 149 million in revenue for the first quarter wall street analysts were looking for just over 200 million according to estimates compiled by factset the companys net loss of 7795 million for the quarter was also worse than analyst expectations those expectations are now cratering analysts now project 12 billion in revenue this year—down from the 35 billion forecast last may shares were already down 86 from the 2021 peak through monday afternoon and that decline seems likely to worsen lucid isn’t alone rival startup fisker shares are down 13 after cutting the company cut its production forecast fisker now expects to produce between 32000 and 36000 cars this year down from its prior forecast for up to 42400 vehicles fisker shares are down more than 70 from the 2021 high through monday