Lucid Group Inc Stock News

Lucid said its Gravity SUV is on track to start production this year. The company also said its quarterly loss–it still loses money on the cars it produces–was smaller than expected.

Lucid Group Inc's (NASDAQ:LCID) stock rose 5% in after-hours trading after the electric vehicle maker slightly exceeded third-quarter forecasts, despite widening losses. Revenue reached $200 million, surpassing the expected $198 million, while adjusted losses per share were $0.28, better than the $0.30 projected by analysts.

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 - Can...

Lucid to start taking orders for its Gravity SUV and says its financial runway is wide open through 2026.

Lucid beat Wall Street expectations for third-quarter revenue on Thursday and reiterated its annual production forecast as it benefits from strong demand for its luxury electric sedans.

Electric carmaker Lucid Group slightly beat Wall Street's third-quarter expectations. The company's net loss for the third quarter widened to $992.5 million compared with a loss of $630.9 million a year earlier.

Produced 1,805 vehicles in Q3; on track for annual production of approximately 9,000 vehicles Delivered 2,781 vehicles in Q3; up 90.9% compared to Q3 2023 Q3 revenue of $200.0 million GAAP net loss per share of $(0.41); non-GAAP net loss per share of $(0.28) Ended the quarter with approximately $5.16 billion in total liquidity Subsequent to the third quarter, completed a capital raise of approx...

Lucid opens the order book for a new EV model.