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Image source: Lucid. Lucid faces more skepticism. Investors tend to dislike secondary stock offerings as they dilute existing shareholders, and the weak third-quarter results show Lucid is still a ...
The luxury EV maker is all set to start production of its much-awaited SUV.
Image source: Getty Images. Bad economy, bad stock market. At least on the surface, this is an easy question to answer. A bad economy nearly always translates to a bad stock market.
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A recession could be very bad for the struggling maker of luxury EVs. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Sign in. Mail. 24/7 ...
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's second-quarter results -- reported Aug. 5 -- were better than expected, but it's still a long way from profitability. But it has a plan to get there, and a big investor with deep pockets.
Lucid Group, Inc. (NASDAQ:LCID) shares traded marginally lower on Tuesday. The company announced that Lucid Financial Services has added leasing to its range of financing options in Canada.