Lucid Group Q2 Earnings Highlights: Revenue Miss, EPS Miss, Delivery Update, Production Guidance, Liquidity And More
Portfolio Pulse from Chris Katje
Lucid Group reported Q2 earnings with revenue of $150.9 million, missing the Street estimate of $201.9 million, and a loss of 40 cents per share, also missing the estimate of a loss of 35 cents. The company delivered 1,404 vehicles in Q2 and ended the quarter with $6.25 billion in total liquidity. Lucid plans to start production of the Lucid Air Sapphire and the Lucid Air Pure Real Wheel Drive in mid-September and aims to manufacture 10,000 vehicles in 2023.
August 07, 2023 | 8:25 pm
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NEGATIVE IMPACT
Lucid Group's Q2 earnings missed estimates, which could negatively impact the stock price. However, the company's future production plans and liquidity position may provide some positive sentiment.
Lucid Group's Q2 earnings missed estimates, which is typically a negative signal for investors and could lead to a decrease in the stock price. However, the company's future production plans and strong liquidity position may provide some positive sentiment, potentially offsetting some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100