Tesla may not be the cheapest EV stock, but at least it's earning a profit.Friday is looking like it's going to be a busy day for investors in electric vehicles, with Rivian Automotive (RIVN 0.70%) and Lucid Group (LCID -0.91%) both having reported earnings last night, and Tesla (TSLA 6.76%) stock reacting to the news from its rivals.Earlier today, Lucid stock was up 6%, though around noon ET it was negative on the day. Similarly, Rivian was up 4.8% earlier but had dipped down to a 0.80% gain. Surprisingly, ...

After the bell on Thursday, we received third quarter results from Lucid Group, Inc. (NASDAQ: LCID ). The luxury electric vehicle maker has been one of the most disappointing names in the market since going publicI am a market enthusiast and part-time trader. I started writing for Seeking Alpha in 2011, and it has been a tremendous opportunity and learning experience. I have been interested in the markets since elementary school, and hope to pursue a career in the investment management industry. I have been ...

Lucid Group, Inc. (NASDAQ:LCID) Q3 2024 Results Conference Call November 7, 2024 5:30 PM ET Company Participants Maynard Um - Senior Director of Investor Relations Peter Rawlinson - Chief Executive Officer and Chief Technology Officer Gagan Dhingra - Interim Chief Financial Officer and Principal Accounting Officer Conference Call Participants John Murphy - BofA Securities Andres Sheppard - Cantor Fitzgerald Stephen Gengaro - Stifel Steven Fox - Fox Advisors Tobias Beith - Redburn Atlantic Operator Ladies an ...

Lucid Group (LCID) came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of a loss of $0.32. This compares to loss of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -28.13%. A quarter ago, it was expected that this an electric vehicle automaker would post a loss of $0.27 per share when it actually produced a loss of $0.29, delivering a surprise of -7.41%.Over the last four quarters, the c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Non-accelerated Filer oSmaller Reporting Company o Emerging Growth Company o (MARK ONE) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 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 registr ...

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): October 16, 2024 Lucid Group, Inc. (Exact name of registrant as specified in its charter) | --- | --- | |--------------------|---------| | | | | 001-39408 | | | (Commission File | (I.R.S. | | Number) | | Delaware 85-0891392 (State or other jurisdiction of incorporation or organization) Employer ...

Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom on May 24, 2024 in San Francisco, California.Electric carmaker Lucid Group slightly beat Wall Street's third-quarter expectations as the carmaker cuts costs ahead of plans to begin consumer production of a new SUV by the end of this year.Here's how the company performed in the quarter, compared with average estimates compiled by LSEG:Loss per share: 28 cents adjusted vs. a loss of 30 cents expectedRevenue: $200 million vs. $198 mil ...

The electric vehicle (EV) race is heating up — but not for Rivian Automotive Inc RIVN or Lucid Group Inc LCID. Both EV companies are struggling, with their stocks down nearly 50% year-to-date.As they prepare to release their third-quarter earnings today, investors are bracing for news on their continued losses, with Rivian expecting a loss of 92 cents per share and Lucid a loss of 30 cents.But there’s more than just the numbers to focus on. Pre-earnings technicals paint a troubling picture for both companie ...

Lucid Motors has officially started taking orders for its electric Gravity SUV, a critically important vehicle that’s supposed to go into production by the end of this year. Interested buyers can now place $1,000 refundable deposits on the “Grand Touring” trim, which starts at $94,900, on the company’s website.Similar to the company’s current model, the Air sedan, the Gravity is a more-than-capable electric vehicle. The company promises it can travel more than 440 miles on a full battery. That battery deliv ...

Lucid Motors (NASDAQ: LCID) has been navigating turbulent waters following the recent U.S. presidential election, where Donald Trump’s win has created a cloud of uncertainty over the electric vehicle (EV) sector. Lucid’s stock took a sharp dip on Wednesday, closing at $2.13, marking a -10.5% drop over the past five days. Investors are increasingly concerned that Trump’s return to the White House may lead to the rollback of government-supported EV rebates and tax incentives, which have been instrumental in d ...