Lucid CEO Peter Rawlinson said Chinese automakers are still "years behind" Tesla on EV technology. He told a Financial Times conference that car companies should not "underestimate" Chinese firms.Companies such as BYD are now challenging Tesla in China after years of rapid growth. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. ...

Lucid says it is on track to launch a new SUV later this year.Fool.com contributor Parkev Tatevosian reviews Lucid (LCID 3.44%) and its latest quarterly earnings report and answers if investors should buy the EV stock today. *Stock prices used were the afternoon prices of May 6, 2024. The video was published on May 8, 2024. ...

Key PointsLucid had another tepid quarter with increasing cash burn, sending shares down 15%. The company is capitalized now but will burn through it quickly, raising the risk of additional dilution. Short interest is high and will weigh on the price action for quarters to come. 5 stocks we like better than Lucid GroupLucid’s NASDAQ: LCID stock price has been down-trending since 2021, and it is not over. The Q1 results aren’t horrible, but they did nothing to improve the outlook for growth, market dominatio ...

Lucid Motors (NASDAQ:LCID) stock tumbled 14% yesterday after the electric vehicle (EV) maker reported a higher-than-expected net loss. Investment bank Stifel responded to the news by cutting its price target on LCID stock to $3 from $4. Two other banks were also generally unenthusiastic about the company’s first-quarter data and outlook.Lucid, however, did report some positive news. But investors appear to have been spooked by the firm’s bottom-line miss.Lucid’s Q1 ResultsLucid’s Q1 performance was mixed. T ...

Lucid saw solid top-line momentum, but its losses remained substantial.Shares of Lucid Group (LCID -14.62%), the maker of luxury Air electric vehicles (EVs), disappointed investors again on Tuesday with another underwhelming earnings report.As of 1:45 p.m. ET, the stock was down 13.4%. Lucid keeps losing moneyLucid has struggled since going public as the company has only sold a relatively small number of cars and has put up wide losses every quarter of its history.That pattern continued in the first quarter ...

Lucid (NASDAQ:LCID) stock is taking a tumble after the electric vehicle (EV) company reported its first-quarter earnings. During the quarter, production tallied in at 1,728 vehicles while deliveries were 1,967 vehicles. That compares to the production and delivery of 2,391 and 1,734 vehicles during Q4 as well as 8,428 and 6,001 vehicles during 2023. Lucid has noted that it is still on track to produce 9,000 vehicles this year. However, analysts polled by Visible Alpha were expecting an average of 12,677 veh ...

Key TakeawaysLucid shares moved lower in premarket trading Tuesday after the EV maker disclosed a wider-than-expected quarterly loss, reiterated its soft 2024 production guidance and projected an annual increase in capital expenditures.Lucid's reiterated production guidance of 9,000 vehicles sits well below the 12,677 target projected by analysts.Monitor the $2.65 level, an area where the price may find buying interest near the 50-day moving average and a horizonal line connecting two recent troughs in Janu ...

Lucid Group, Inc. (NASDAQ:LCID) Q1 2024 Earnings Conference Call May 6, 2024 5:30 PM ET Company Participants Maynard Um - Head, IR Peter Rawlinson - CEO and CTO Gagan Dhingra - Interim CFO and Principal Accounting Officer Conference Call Participants John Murphy - Bank of America Itay Michaeli - Citi Andres Sheppard - Cantor Fitzgerald Tobias Beith - Redburn Atlantic Steven Fox - Fox Advisors Stephen Gengaro - Stifel Operator Ladies and gentlemen, thank you for standing by. And welcome to the Lucid Group Fi ...

Lucid Group (LCID) came out with a quarterly loss of $0.30 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to loss of $0.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -20%. A quarter ago, it was expected that this an electric vehicle automaker would post a loss of $0.28 per share when it actually produced a loss of $0.29, delivering a surprise of -3.57%.Over the last four quarters, the comp ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...