Lucid Reports Q3 EV Production And Delivery Totals: What To Know
Portfolio Pulse from Erica Kollmann
Lucid Group, Inc. (NASDAQ:LCID) reported its Q3 EV production and delivery numbers, showing a decrease in production but an increase in deliveries compared to Q2. The company plans to release its Q3 earnings on Nov. 7. Analysts expect a loss of 30 cents per share and revenue of $182.233 million. Lucid also showcased its upcoming Lucid Gravity SUV, set to start production later this year. Despite a 19.52% YTD decline, analysts' average price target suggests potential upside for LCID stock.
October 07, 2024 | 2:47 pm
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Lucid Group's Q3 production and delivery numbers show a mixed performance with decreased production but increased deliveries. The upcoming earnings report and the launch of the Lucid Gravity SUV could influence stock performance. Analysts have a neutral to negative outlook, but the average price target suggests potential upside.
Lucid's Q3 results show increased deliveries, which is positive, but decreased production, which could be a concern. The upcoming earnings report and the new SUV launch are key events that could drive the stock. Analysts' neutral to negative ratings suggest caution, but the average price target indicates potential upside.
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