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Lucid's Second-Quarter Results Look Astonishingly Bad, but It's Far From Game Over

Lucid Motors accelerated its losses in the second quarter as production and deliveries stalled. The recent price cuts will worsen its situation, but Luci. ....

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Lucid Gravity To Be Officially Unveiled in November, Production Starts in Late 2024

Although the second-quarter financial results were all doom and gloom, Lucid is not throwing the towel just yet. The bright spot in the presentation was . ....

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What Is Going On With the Lucid Air? NHTSA Issues Three Recalls on the Same Day

Bad news is plaguing Lucid. The carmaker's Air sedan has been recalled for three different reasons, with all the recalls being issued on the same day. ....

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Lucid Misses Earnings Estimates. Share Rise Anyway.

Lucid reported a second-quarter per-share loss of 40 cents from sales of about $151 million. Wall Street was looking for a per-share loss of 34 cents from. ....

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EV maker Lucid sticks to annual production target

(Reuters) -Luxury electric vehicle maker Lucid stuck to its annual production target and said it had enough cash to start producing its much-awaited sport utility vehicles next year and into 2025, sending its shares nearly 5% higher in extended trading. The company reported second-quarter earnings and revenue below market expectations, but its strong liquidity after a $3 billion stock offering led by majority-owner Saudi Arabia's Public Investment Fund in June has given it an advantage over cash-poor peers that are battling parts shortages. "We are not limited by our ability to manufacture," CEO Peter Rawlinson told Reuters. ....

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