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Lucid revealed Bell's departure alongside its earnings report for the first quarter of 2024, where the company incurred a loss of $680 million while delivering 1,967 units of its luxury electric sedan. Read more.
Lucid reported first-quarter financial results Monday. Here are the key highlights and what's next for the EV company.
(Reuters) -Lucid Group forecast higher capital expenditure this year and reiterated an annual production forecast below Wall Street targets on Monday amid slower-than-expected EV demand, sending its shares lower nearly 7% in extended trading. "From a capex perspective, we are making enhancements first in our Arizona factory because we are going from 30,000 installed capacity to 90,000," Gagan Dhingra, Lucid's interim finance chief, told Reuters. The company said it expects capital expenditure of
Lucid Group, Inc. (NASDAQ:LCID) Q4 2023 Earnings Call Transcript February 21, 2024 Lucid Group, Inc. misses on earnings expectations. Reported EPS is $-0.3 EPS, expectations were $-0.28. Lucid Group, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Hello, and […]
Lucid Group, Inc. misses on earnings expectations. Reported EPS is $-0.3 EPS, expectations were $-0.28. Lucid Group, Inc.