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But when interest rates rose and vehicle costs ballooned, most EV stocks fell back to Earth. Lucid's share price is down about 80% over the past three years, putting its shares under $5 right now.
Lucid delivered its first Air sedans in late 2021, and it originally claimed it could deliver 20,000 vehicles in 2022 and 49,000 vehicles in 2023. It planned to launch its second vehicle, the ...
LCID data by YCharts. The third quarter of 2024 has brought a reversal, with Lucid deliveries soaring and Rivian slashing its full-year production guidance. There's more to the story, though.
Lucid's stock soared to a post-merger high of $55.52 on Nov. 16, 2021, and boosted its market cap to $91.4 billion. That was 150 times the revenue it would generate in 2022.
Lucid (NASDAQ: LCID) has seen some of these challenges first-hand, which is why the stock is down to $2.01 per share as of Friday's market close. Is it time to jump on this EV stock below $2.50?
Lucid posted an adjusted loss per share of $0.28, narrower than the loss of $0.31 expected, with adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) coming in at a ...
Lucid Motors has released the first teaser image of its upcoming mid-size EV.. A trademark filed with the USPTO suggests the new model will be called "Earth.". Previously, Lucid CEO Peter ...
Lucid has filed U.S. trademarks for "Earth" and "Earth Dream Edition," which will likely be the name and a trim level of the brand's third model. Lucid's New Sub-$50,000 Mid-Size EV SUV Could be ...