Why Lucid Stock Is Lower Wednesday
Portfolio Pulse from Erica Kollmann
Lucid Group, Inc. (NASDAQ:LCID) shares are trading lower after the company announced its Q2 production and delivery numbers. The company produced 2,173 electric vehicles and delivered 1,404 vehicles during the period. Lucid also announced the commencement of material shipments to Saudi Arabia. The company will release its Q2 financial results on August 7.
July 12, 2023 | 2:21 pm
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Lucid Group's stock is trading lower after the announcement of its Q2 production and delivery numbers. The company's shares are down by 8.64%.
The decrease in Lucid Group's stock price is likely due to the market's reaction to the company's Q2 production and delivery numbers. The number of vehicles produced and delivered may have been below market expectations, leading to a sell-off of the company's shares.
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