Lucid misses Wall Street expectations as problems continue with SUV launch

Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024.DETROIT – Lucid Group missed Wall Street's expectations for a second consecutive quarter as the all-electric vehicle maker continues to address problems with the launch of its new flagship Gravity SUV.Here's how the company performed in the third quarter, compared with average estimates compiled by LSEG:Loss per share: $2.65 adjusted vs. a loss of $2.27 expectedRevenue: $336.6 million vs. $379.1 mil ...