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2023-11-10 22:54:22 ET Shares of Lucid Group (NASDAQ: LCID) sank 17.7% this week, according to data from S&P Global Market Intelligence . The electric vehicle ( EV ) start-up couldn't grow revenue in the third quarter and is still operating in the red, causing investors ...
2023-11-10 11:58:26 ET Summary Lucid Group cuts production forecast for FY 2023, indicating waning demand and potential revenue downward revisions. Revenues for Q3'23 came in well below expectations as EV demand wanes. Lucid now expects a production volume of 8,000-8,500 EVs i...
2023-11-10 06:06:00 ET Coming into Lucid Group 's (NASDAQ: LCID) third-quarter earnings report, there were already signs that the company wouldn't reach its goal of producing 10,000 vehicles this year. It had already told investors that it only produced 1,550 cars in the third q...
2023-11-09 14:18:20 ET Shares of leading electric vehicle (EV) stocks Tesla (NASDAQ: TSLA) , Rivian Automotive (NASDAQ: RIVN) , and Lucid Motors (NASDAQ: LCID) were all down big today, declining 5.7%, 6.4%, and 4.5%, respectively, as of 1:55 p.m. ET. The common t...
2023-11-09 13:00:00 ET Summary Lucid Group's stock performance has been very disappointing. Although buyers tried to defend the $5 level since June 2023, they eventually gave in to intense selling pressure. The company's third-quarter earnings report showed a significant reduction...
2023-11-09 12:20:00 ET Summary Tesla, Inc.'s stock price has rebounded significantly from its lows in 2023, despite concerns about CEO Elon Musk's distractions and profit margins. Competitors Lucid Group, Fisker, and Polestar are at risk of trading towards zero due to financial ch...
2023-11-09 12:04:05 ET Summary Rivian delivered a strong Q3'23 earnings report and raised its production guidance for FY 2023. The EV company outperformed rival Lucid Group, which cut its production forecast and reported a large decline in revenues Y/Y. Rivian's revenues and g...
Introducing RangeXchange, an Innovative New Feature Enabling the Lucid Air to Directly Charge Other Electric Vehicles PR Newswire RangeXchange enables a Lucid Air to charge another electric vehicle (EV) adding between 24 to 40 miles of range per hour. 1 To enable ...
2023-11-09 08:11:14 ET Summary Lucid's Q3 revenues of $137.8 million were down almost 30% year over year, badly missing street estimates. The company's cost structure is a major problem, with dramatically negative gross margin dollars and large operating losses. Lucid cut its ...
2023-11-08 14:37:09 ET Wednesday's proving a tough day for most electric vehicle (EV) stocks. Lucid Group (NASDAQ: LCID) is no exception. Shares of the luxury EV maker are down 9.9% as of 1:39 p.m. ET following Tuesday's post-close release of its third-quarter numbers and disappoint...
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Lucid Group (NASDAQ: LCID) , maker of the world's most-advanced electric vehicles, has entered into a nonbinding supply agreement with Graphite One Inc.(TSX.V: GPH) (OTCQX: GPHOF) . The agreement is for anode active materials (“AAM”). According to the announcement, the agreement, w...
Graphite One and Lucid Enter into Non-Binding Supply Agreement PR Newswire Graphite One-Lucid agreement involves Synthetic Anode Active Materials Graphite One CEO Anthony Huston : This is " a historic moment…: The first synthetic graphite agree...
2024-07-25 06:53:00 ET Lucid Group (NASDAQ: LCID) has taken its investors on a wild ride since its public debut three years ago. The luxury electric vehicle maker's stock opened at $25.24 after it went public by merging with a special purpose acquisition company (SPAC), and its stoc...