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Lucid CEO Peter Rawlinson spoke to Yahoo Finance from the Pebble Beach Concept lawn, where select automakers show off new vehicles of note during Monterey Auto Week.
Lucid began building its first all-electric Lucid Air sedan in Arizona in September 2021, and deliveries began in late October. [35] Lucid produced 7,180 vehicles in 2022, [36] lower than expected, with the company citing supply chain issues. [37] [38] Lucid produced 8,428 vehicles in 2023, meeting the higher end of company guidance. [39]
Lucid stock surged on Monday after the EV maker reported upbeat sales results for the quarter and full year.Lucid said it produced 3,386 EVs and delivered 3,099 in the fourth quarter, up from the ...
Shares of Lucid Group (NASDAQ: LCID) were trading sharply higher on Monday, just days after the company began production of its long-awaited second luxury electric vehicle. As of 1 p.m. ET, Lucid ...
The Lucid Air is a fantastic first car from a new automaker. It’s also a very expensive EV out of the reach of most people. The company has promised less expensive versions of the Air and today ...
Lucid stock gained ground today thanks to strong early reviews for the company's Gravity SUV. The vehicle is the first SUV made by the luxury EV company. Gravity's Grand Touring models start at ...
Lucid has been losing money as it struggles with low-volume sales. It expects to produce just 9,000 vehicles this year. Investors have been waiting for a catalyst to boost those sales.
Lucid said it will offer up to 262,446,931 shares, with the proceeds likely raising around $1.67 billion, for general corporate purposes as well as for capital expenditures and working capital.