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LCID / Lucid Group 1Q revenue soars but misses estimates; says it's well funded into 2024

Lucid Group 1Q revenue soars but misses estimates; says it's well funded into 2024
Lucid Group Inc (NASDAQ:LCID) announced that its first-quarter 2023 revenue increased 159% year over year to $149.4 million, which fell short of the $209.9 million consensus estimate provided by Refinitiv, as the company struggled to compete with industry-giant Tesla. The EV manufacturer also noted that it ended the quarter with just overĀ $3.4 billionĀ in cash, cash equivalents, and investments, or total liquidity of about $4.1 billion, which Lucid's chief financial officer believes is sufficient to fund the company at least into the second quarter of 2024. Read More
Posted: May 8 2023, 16:43
Author Name: Proactive Investors
Views: 082193

LCID News  

The Best News for Lucid Would Be a Take-Private Deal From PIF

By InvestorPlace
November 4, 2023

The Best News for Lucid Would Be a Take-Private Deal From PIF

While Lucid Group (NYSE: LCID ) has seen LCID stock drop in 2023, down more than 26% year-to-date, it could always be worse. It could be Polestar Auto more_horizontal

Why Lucid Group Stock Lost 26% in October

By The Motley Fool
November 3, 2023

Why Lucid Group Stock Lost 26% in October

Lucid seems likely to miss its own guidance for 10,000 vehicles produced this year. Tesla and other EV makers warned that demand was stalling. more_horizontal

Lucid cuts prices of electric sedans for limited time amid EV price wars

By Reuters
November 3, 2023

Lucid cuts prices of electric sedans for limited time amid EV price wars

Lucid Group cut prices of its Air range of luxury sedans earlier this week for a limited time ahead of the holiday season, amid stiff competition and more_horizontal

Dear LCID Stock Fans, Mark Your Calendars for Nov. 7

By InvestorPlace
November 2, 2023

Dear LCID Stock Fans, Mark Your Calendars for Nov. 7

Following a tumultuous time in the market, shares of premium luxury electric vehicle manufacturer Lucid (NASDAQ: LCID ) gained conspicuously on Thursd more_horizontal

Will Lucid Group (LCID) Report Negative Earnings Next Week? What You Should Know

By Zacks Investment Research
October 31, 2023

Will Lucid Group (LCID) Report Negative Earnings Next Week? What You Should Know

Lucid Group (LCID) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared wi more_horizontal

Lucid Group (LCID) Suffers a Larger Drop Than the General Market: Key Insights

By Zacks Investment Research
October 27, 2023

Lucid Group (LCID) Suffers a Larger Drop Than the General Market: Key Insights

Lucid Group (LCID) closed the most recent trading day at $4.04, moving -0.74% from the previous trading session. more_horizontal

Lucid Motors Can Still Be the Next Tesla. Here's Why

By InvestorPlace
October 27, 2023

Lucid Motors Can Still Be the Next Tesla. Here's Why

Lucid Group's (NASDAQ: LCID ) positions itself to seize a significant share of the global market, which is racing toward a staggering $800 billion by more_horizontal

Here's Why Lucid Group (LCID) is Poised for a Turnaround After Losing -20.15% in 4 Weeks

By Zacks Investment Research
October 25, 2023

Here's Why Lucid Group (LCID) is Poised for a Turnaround After Losing -20.15% in 4 Weeks

Lucid Group (LCID) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with str more_horizontal


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