Lucid Group Inc (NASDAQ: LCID) is down 7.0% after the bell on Monday even though it came in ahead of sales estimates for its fiscal Q1.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Why is Lucid stock down in after-hours?Copy link to sectionThe stock is taking a hit primarily because $LCID lost more money on a per share basis than expected. On the plus side, though, Lucid remains confident that it will produce 9,000 vehicles this year which translate ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39408 Lucid Group, Inc. (Exact name of registrant as specified in its charter) Delaware 85-0891392 (State or other jurisdiction ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (date of earliest event reported): April 9, 2024 Lucid Group, Inc. (Exact name of registrant as specified in its charter) Delaware 001-39408 85-0891392 (State or other jurisdiction of (Commission File (I.R.S. Employer Identification No.) incorporation or organization) Number) 7373 Gateway Boulevard Newark, CA 94560 (Address of P ...

Lucid Motors (NASDAQ:LCID) is expanding its reach even further. After a week of steady growth, the electric vehicle (EV) startup has announced a partnership with the King Abdulaziz City for Science and Technology (KACST). The Saudi Arabian-based government organization will collaborate with Lucid on projects, allowing the automaker to benefit from its services, products and research facilities. Arab News reports that Lucid plans to use all three for “dedicated research into advanced battery technologies and ...

Lucid Group (LCID) is scheduled to release first-quarter 2024 results on May 6, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter’s loss per share and revenues is pegged at 25 cents and $173.09 million, respectively. The consensus mark for Lucid’s first-quarter loss per share has increased a penny in the past 30 days.Lucid’s bottom-line estimates imply growth of 41.86% from the year-ago reported figure. The Zacks Consensus Estimate for its quarterly revenues suggests a year ...

After a difficult month and an overall volatile year, Lucid (NASDAQ:LCID) has finally picked up some momentum. This is partially due to the fact that it is scheduled to report earnings for the first quarter of 2024 on May 6. Given how much this once-prominent electric vehicle (EV) startup has fallen so far this year, investors will be watching keenly to see whether the Q1 report boosts LCID stock.Shares of LCID have risen lately and reports indicate that EV demand is likely to rebound in the coming months. ...

Lucid (NASDAQ: LCID) stock has taken a beating in recent quarters due to lower-than-expected sales and production, resulting in a sharp decline in its value.The company, renowned for its Air sedan and upcoming Gravity SUV, struggled to meet production targets due to supply chain challenges and market conditions. Despite optimistic expectations for vehicle production, Lucid fell short, producing only 7,180 vehicles in 2022 and 8,428 vehicles in 2023.In 2023, revenue decreased despite an uptick in deliveries, ...

Good news from Tesla (NASDAQ:TSLA) is sending many electric vehicle (EV) stocks up today. Indeed, the sector leader is surging on news that it has secured approval to start rolling out its full self-driving (FSD) technology in China. This news provided the boost that TSLA stock certainly needed after a difficult month. But the positivity today has also spread to many of Tesla’s peers, pushing up EV stocks across the board. Among today’s market winners are trendy startups Lucid (NASDAQ:LCID) and Rivian (NASD ...

jetcityimage/iStock Editorial via Getty Images Lucid (NASDAQ:LCID) was once hailed as the next Tesla or BYD because of its plan to conquer the EV market with its luxurious and technologically more advanced specifications, backed by the Saudi sovereign fund. But for an EV maker to out-compete Tesla, it first has to be able to compete. Lucid is far from that, with its under 2,000 unit quarterly sales and losing money on each car sold. The investment sentiment towards the company is divided – bullish says ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Lucid Group (LCID) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 6, 2024, might help the stock move higher if these key numbers are better than expectat ...