Great News for Lucid Investors. Is the Stock a Buy Now? [Yahoo! Finance]
Lucid Group, Inc. (LCID)
Company Research
Source: Yahoo! Finance
The industry went from potentially overhyped, full of optimism, with EVs about to go mainstream to today's narrative of stalling sales growth, charging infrastructure woes, and a lack of affordable options to drive demand. Despite the surrounding doom and gloom, investors in Lucid Group (NASDAQ: LCID) received some great news when the young EV start-up released first-quarter delivery numbers. Let's take a closer look at that news and whether it makes the stock a buy now. By the numbers There hasn't been much good news for EV investors to digest of late. Yet, Lucid reported a 40% jump in first-quarter 2024 deliveries, compared to the prior year. Lucid even cleared a little inventory as it delivered 1,967 Air sedans while producing only 1,728 during the first quarter. The first-quarter delivery result was also a 13% increase sequentially compared to Q4 2023's total of 1,734. Lucid's first-quarter result checked in well ahead of Wall Street's estimates calling for just over 1,800
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LCID
News
- Is Lucid a Chinese Company? [Yahoo! Finance]Yahoo! Finance
- Lucid Group (LCID) Rises Yet Lags Behind Market: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
- Why Lucid Group (LCID) Outpaced the Stock Market Today [Yahoo! Finance]Yahoo! Finance
- Lucid Stock Has 14% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]Yahoo! Finance
- S&P, Nasdaq futures advance on tech boost, earnings cheer [Yahoo! Finance]Yahoo! Finance
LCID
Earnings
- 2/21/24 - Miss
LCID
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- 4/25/24 - Form DEFA14A
- LCID's page on the SEC website