Why Lucid Stock Was Going in Reverse Today [Yahoo! Finance]
Lucid Group, Inc. (LCID)
Company Research
Source: Yahoo! Finance
As of 1:45 p.m. ET, the stock was down 13.4%. Lucid keeps losing money Lucid has struggled since going public as the company has only sold a relatively small number of cars and has put up wide losses every quarter of its history. That pattern continued in the first quarter even as revenue topped estimates. The company produced 1,728 vehicles in Q1 and said it was on track to produce 9,000 vehicles this year, a slight improvement from a year ago. It also delivered 1,967 cars, a positive sign for demand as revenue jumped 40% to $172.7 million, ahead of the consensus at $157 million. While that was a good sign, Lucid remained deeply unprofitable. The company made some progress in improving margins but reported a negative gross profit of $232 million, or a gross margin of -134%. Its generally accepted accounting principles ( GAAP ) loss in the period was $729.9 million, a slight improvement from a loss of $772.2 million in the year-ago quarter. On the bottom line, its per-sha
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News
- Easy Come, Easy Go? Lucid Stock Has Already Given Up Much of This Week's Gains [Yahoo! Finance]Yahoo! Finance
- Lucid, Workhorse Group and Canoo lead meme-on rally for some EV names [Seeking Alpha]Seeking Alpha
- Why These Former Meme-Stock EV Companies Are Surging Now [Yahoo! Finance]Yahoo! Finance
- Analyst Forecasts Just Became More Bearish On Lucid Group, Inc. (NASDAQ:LCID) [Yahoo! Finance]Yahoo! Finance
- Should Investors Buy Lucid Stock Today? [Yahoo! Finance]Yahoo! Finance
LCID
Earnings
- 5/6/24 - Miss
LCID
Sec Filings
- 5/6/24 - Form 10-Q
- 5/6/24 - Form 8-K
- 4/26/24 - Form 4
- LCID's page on the SEC website