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Tesla Rival Lucid Says German EV Makers Add To Pricing Pressure: 'What We Need To Do...'
Tuesday, May 9, 2023 - 1:33am | 588Read More...Lucid Group (NASDAQ:LCID) CEO Peter Rawlinson addressed price cuts within the EV segment on the company’s first-quarter earnings call on Monday. What Happened: It’s not just a particular U.S. manufacturer but also German competitors who are discounting their products heavily, Rawlinson...
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Lucid Group Misses On Q1 Earnings: EV Manufacturer Gives Update On Production, Upcoming Gravity SUV
Monday, May 8, 2023 - 4:20pm | 417Read More...Electric vehicle company Lucid Group (NASDAQ: LCID) reported first-quarter financial results after the market close Monday. Here are the key highlights. What Happened: Lucid Group reported first-quarter sales of $149.43 million, up 159% year-over-year. First-quarter sales missed a Street consensus...
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Lucid Rides High With Best Luxury Car Award — But Will Production Woes Ground Its Success?
Thursday, April 6, 2023 - 7:25am | 395Read More...Lucid Group Inc‘s (NASDAQ:LCID) flagship luxury sedan Lucid Air was named the 2023 World Luxury Car of the Year, even as the company struggles to deliver cars amid logistical challenges and its stock price remains a far cry from all-time highs hit two years ago. What Happened: Lucid Air was...
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Why Lucid Stock Is Crashing Today
Thursday, February 23, 2023 - 9:24am | 401Read More...Lucid Group Inc (NASDAQ: LCID) shares are trading lower Thursday after the company reported mixed fourth-quarter results and provided a weak reservation update. Multiple analysts are out with bearish coverage following the print. What Happened: Lucid reported fourth-quarter revenue of $...
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Lucid Motors Q4 Earnings Highlights: EV Company Beats On EPS, Misses On Revenue; Issues Production Update, 2023 Guidance
Wednesday, February 22, 2023 - 5:30pm | 516Read More...Electric vehicle company Lucid Group (NASDAQ: LCID) reported fourth-quarter financial results after the market close Wednesday. Here are the key highlights for investors. What Happened: Lucid Group announced fourth-quarter revenue of $257 million, which came in shy of a Street estimate of $302.6...
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Why Tesla Rival Lucid Stock Shot Up Over 6% After-Hours Today
Monday, December 19, 2022 - 11:20pm | 385Read More...Lucid Group Inc (NASDAQ: LCID) shares soared 6.1% in extended trading on Monday after the electric vehicle company said it had finalized a $1.5 billion equity offering, first announced in November. What Happened: The Newark, California-based EV maker raised the bulk of cash —...
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What's Lucid Doing With Nearly 1,000 EVs In Storage? CEO Rawlinson Has These Insights
Wednesday, November 9, 2022 - 9:40pm | 392Read More...Lucid Group Inc (NASDAQ:LCID) CEO Peter Rawlinson addressed the nearly 1,000 electric vehicles that have been manufactured but not yet delivered at the company's third-quarter earnings call. What Happened: On Tuesday, Rawlinson, who is also known for his work on Tesla Inc's (NASDAQ:TSLA) Model S,...
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Lucid Group Stock Is Hitting The Brakes Today: What's Going On?
Wednesday, November 9, 2022 - 10:21am | 369Read More...Lucid Group Inc (NASDAQ: LCID) shares are sliding Wednesday morning after the company reported financial results that came in below analyst estimates. What Happened: Lucid reported third-quarter revenue of $195.5 million, which missed average analyst estimates of $209.06 million, according to...
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Lucid Q3 Earnings Highlights: Record Production, On Pace For 6K To 7K Vehicles Annually, Over 34,000 Reservations And More
Tuesday, November 8, 2022 - 6:20pm | 513Read More...Electric vehicle company Lucid Group Inc (NASDAQ: LCID) reported third-quarter financial results and production figures after hours Tuesday. Here are the key highlights. What Happened: Lucid Group reported third-quarter revenue of $195.5 million. The revenue total missed a Street estimate of $209.1...
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General Motors 'Marching Towards An Electric Future': Former Tesla Executive Joins Company
Thursday, October 6, 2022 - 5:43pm | 844Read More...The battle between electric vehicle leader Tesla Inc (NASDAQ: TSLA) and other traditional gas-powered traditional automakers is expected to heat up in coming years. Now, a former Tesla executive has jumped on board with a future rival. What Happened: Jon McNeil, the former president of global...
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Next Only To Elon Musk's $10B, This EV Executive Beat Apple's Tim Cook To Take Highest Pay Home In 2021
Sunday, August 21, 2022 - 11:19pm | 638Read More...Tesla Inc (NASDAQ: TSLA) CEO Elon Musk remained the highest-paid executive of a publicly listed company for the fourth year in a row in 2021, according to the Bloomberg Pay Index. Just below him was the head honcho of a rival electric-vehicle firm still navigating its way out of...
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Tesla Dominance Put To The Test: How EV Upstarts Lucid, Rivian, Fisker Stack Up In Q2 Results
Thursday, August 4, 2022 - 9:54am | 1440Read More...Electric vehicle start-up Lucid Group Inc. (NASDAQ: LCID), and Fisker Inc. (NYSE: FSR) announced quarterly earnings on Wednesday, drawing comparisons to industry leader Tesla Inc. (NASDAQ: TSLA). Ahead of that, Rivian Automotive Inc. (NASDAQ: RIVN) issued its second-quarter production and...
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Lucid Stock Slams The Brakes After Q2 Earnings: Revenue Miss, Slashed Production Guidance Sends Shares Lower
Wednesday, August 3, 2022 - 4:26pm | 362Read More...Lucid Group Inc (NASDAQ: LCID) reported second-quarter financial results after the close Wednesday. Here's a rundown of the report. What Happened: Lucid reported second-quarter revenue of $97.3 million, which missed the estimate of $145.49 million, according to data from Benzinga Pro...
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Here's Where Former Tesla Employees Are Getting Hired: Which 2 Rivals Have Benefitted?
Tuesday, July 12, 2022 - 2:20pm | 725Read More...Electric vehicle company Tesla Inc (NASDAQ: TSLA) has been laying off some of its salaried workers, a move that CEO Elon Musk previewed earlier this year. A new report shows exactly where those former employees have found new work, including several of Tesla’s rivals. What Happened: Musk...
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Lucid To Hike EV Prices From June, Sticks To Lowered 2022 Target As Supply Issues Linger
Friday, May 6, 2022 - 5:43am | 464Read More...Lucid Group Inc (NASDAQ: LCID) said on Thursday it would increase the prices of its electric vehicles from June and stick to its lowered production target for 2022 that it had provided in March due to supply chain issues. What Happened: The premium EV startup said it would honor the...
















