What's Going On With Lucid Stock?
Portfolio Pulse from Henry Khederian
Lucid Group Inc's shares are trading lower by 3.89% amid overall market weakness and after the company reported Q2 financial results. The company's revenue of $150.9 million fell short of the estimated $201.9 million and it incurred a loss of 40 cents per share, exceeding the anticipated loss of 35 cents. However, Lucid is on track to achieve its 2023 production target and announced the final production specifications for the Lucid Air Sapphire.
August 09, 2023 | 5:58 pm
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Lucid Group's shares are trading lower after Q2 results missed estimates. However, the company remains on track for its 2023 production target.
Lucid Group's shares are trading lower due to the company's Q2 results missing estimates, which is a negative signal to investors. However, the company's announcement that it is on track for its 2023 production target could potentially mitigate some of the negative impact.
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