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Top News In Lucid Streams Today - Breaking & Trending Today

Lucid forecasts higher capital spend, sticks to production forecast; shares fall

(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 ....

Saudi Arabia , Akash Sriram , Pooja Desai , Saudi Arabia Public Investment Fund , Lucid Group , Wall Street , Elon Musk Led , Public Investment Fund , Capital Expenditure , Lucid Group , Gagan Dhingra ,

Will Lucid Survive? After Driving The Air Pure, A Fresh Outlook

Lucid is facing a kind of existential crisis if you look at the raw numbers. But, numbers aside, how good is the actual car? ....

United States , Porsche Taycan , Los Angeles , Air Pure , Lucid Survive ,

Business News: Shares of EV start-up Lucid surge as much as 47% after confirming deliveries of its first car

Shares of EV start-up Lucid surge as much as 47% after confirming deliveries of its first car : Rashtra News Shares of electric vehicle start-up Lucid Group surged by as much as 47% during trading Thursday, a day after the company confirmed the first customer deliveries of its $169,000 Air Dream Edition sedan would begin ....

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