Lucid Group, Inc.

LCID

US5494981039

Auto & Truck Manufacturers

Market Closed - Nasdaq Other stock markets 04:00:00 2024-12-05 pm EST			5-day change	1st Jan Change
2.090 ^USD	-0.48%		-3.69%	-50.36%

Nov. 21	BofA Securities Adjusts Lucid Group Price Target to $2.80 From $3.40, Maintains Neutral Rating	MT
Nov. 19	RBC Cuts Price Target on Lucid Group to $2 From $3, Keeps Sector Perform Rating	MT

Lucid Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024

November 07, 2024 at 04:11 pm EST

Lucid Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was USD 200.04 million compared to USD 137.81 million a year ago. Net loss was USD 992.48 million compared to USD 630.89 million a year ago. Basic loss per share from continuing operations was USD 0.41 compared to USD 0.28 a year ago.
For the nine months, sales was USD 573.36 million compared to USD 438.12 million a year ago. Net loss was USD 2,316.72 million compared to USD 2,174.65 million a year ago. Basic loss per share from continuing operations was USD 1.05 compared to USD 1.08 a year ago.

Latest news about Lucid Group, Inc.

BofA Securities Adjusts Lucid Group Price Target to $2.80 From $3.40, Maintains Neutral Rating	Nov. 21	MT
RBC Cuts Price Target on Lucid Group to $2 From $3, Keeps Sector Perform Rating	Nov. 19	MT
Wall Street: no trend, Nasdaq-100 boosted by Tesla	Nov. 19	CF
WallStreet: no trend, Nasdaq boosted by Tesla and Lucid	Nov. 18	CF
Lucid CEO on New SUV, Trump and Competing With Tesla	Nov. 15	MT
Sector Update: Consumer Stocks Retreat Late Afternoon	Nov. 14	MT
Sector Update: Consumer	Nov. 14	MT
Rivian, Lucid Shares Down After Report on Trump Transition Team's Plan to End EV Tax Credit	Nov. 14	MT
SCI Lease Corp and Lucid Forge Partnership to Expand Leasing for the Leading EV Brand	Nov. 12	CI
Lucid Group Shares Rise After Upgrade From R.F. Lafferty	Nov. 11	MT
RF Lafferty Upgrades Lucid to Buy From Hold, Price Target is $4	Nov. 11	MT
Lucid Group's Q3 Adjusted Loss Widens, Revenue Rises	Nov. 08	MT
Lucid Group, Inc., Q3 2024 Earnings Call, Nov 07, 2024	Nov. 07
Earnings Flash (LCID) LUCID GROUP Reports Q3 Loss $-0.28	Nov. 07	MT
Lucid Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024	Nov. 07	CI
Lucid beats revenue estimates, sticks to annual production goal	Nov. 07	RE
Lucid Group Begins Accepting Orders for Lucid Gravity Grand Touring SUV	Nov. 07	MT
Lucid Group, Inc. Now Available to Configure and Order on the Lucid Motors Website	Nov. 07	CI
Automakers brace for new tariffs, EV changes under Trump presidency	Nov. 06	RE
Lucid Group to Begin US Orders for Lucid Gravity SUV on Nov. 7	Oct. 29	MT
Lucid Group, Inc. Announces Customer Orders for the Lucid Gravity Will Open on November 7, 2024	Oct. 29	CI
Lucid to open orders for Gravity electric SUV next week	Oct. 29	RE
Global markets live: Microsoft, GM, Danaher, Walt Disney, Qualcomm...	Oct. 22
Power shifts spook markets	Oct. 22
Lucid says its stock sale will provide 'cash runway' well into 2026	Oct. 21	RE

Chart Lucid Group, Inc.

Duration

Period

LCID: Dynamic Chart

Company Profile

Lucid Group, Inc. is a technology company. The Company is focused on designing, developing, manufacturing electric vehicles (EV), EV powertrains and battery systems in-house using its own equipment and factories. It offers its own geographically distributed retail and service locations and through direct-to-consumer online and retail sales. It also boasts a product roadmap of future vehicle programs and technologies. It focuses on in-house hardware and software innovation, vertical integration, and a clean-sheet approach to engineering and design led to the development of the Lucid Air. The Lucid Air is a luxury sedan that redefines both the luxury car segment and the EV space. The Lucid Air is manufactured at its greenfield EV manufacturing facility in Casa Grande, Arizona, Advanced Manufacturing Plant-1 (AMP-1). It owns and operates a vehicle service network comprised of service centers in metropolitan areas and a fleet of mobile service vehicles.

Employees

6,500

Sector

Auto & Truck Manufacturers

Calendar

2025-02-18 - Q4 2024 Earnings Release (Projected)

More about the company