Streetbeat News

LCID

Lucid Group, Inc.

https://www.lucidmotors.com

Industry

Auto - Manufacturers

Lucid Group, Inc. a technology and automotive company, develops electric vehicle (EV) technologies. The company designs, engineers, and builds electric vehicles, EV powertrains, and battery systems. As of December 31, 2021, it operates twenty retail studios in the United States. Lucid Group, Inc. was founded in 2007 and is headquartered in Newark, California.

Open

2.06

Mkt cap

6.1B

Volume

99M

High

2.06

P/E Ratio

-1.51

52-wk high

5.31

Low

1.93

Div yield

N/A

52-wk low

1.93

Rivian Automotive reported a Q4 loss and plans to reduce its workforce by 10%, leading to a 14.3% drop in pre-market trading. Other stocks like Etsy, Lucid Group, RAPT Therapeutics, Gold Fields, Sunrun, and Sunnova Energy also saw pre-market losses due to various reasons including mixed financial results, clinical holds, and weak quarterly results.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 10:28 am

Elon Musk criticized Lucid Group Inc (LCID) and Rivian Automotive Inc (RIVN) following their quarterly earnings reports. Musk highlighted Lucid's reliance on Saudi Arabia's Public Investment Fund (PIF) for financial support, referring to it as 'Saudi sugar daddy' and commented on Lucid's market cap being significantly lower than Tesla's. He also warned that Rivian might face bankruptcy within six quarters due to its current trajectory, despite acknowledging the company's decent product design. Both companies reported losses for the fourth quarter, with Lucid missing revenue estimates and Rivian reporting a significant per-vehicle loss.

Portfolio Pulse from Anan Ashraf

February 22, 2024 | 6:10 am

In Wednesday's after-market session, several consumer discretionary stocks showed notable movements. Jeffs Brands, Kidpik, Rent the Runway, Workhorse Gr, Leslies, and Zapp Electric Vehicles were among the gainers, with increases ranging from 3.46% to 12.1%. On the downside, Rivian Automotive, Lucid Gr, JX Luxventure, Camping World Holdings, Etsy, and Cango experienced declines between 5.05% and 15.6%, with Rivian, Lucid, Camping World, and Etsy's drops attributed to their Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 9:31 pm

Lucid shares are trading lower following the release of mixed Q4 financial results and the company's future guidance.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:25 pm

Lucid Group Inc (NASDAQ:LCID) reported its Q4 earnings with a revenue of $157.2 million, missing the consensus estimate of $179.88 million, but beating EPS estimates with a loss of 29 cents per share against an expected loss of 32 cents. The company produced 2,391 vehicles and delivered 1,734 in Q4, ending with $4.78 billion in liquidity. Lucid aims to produce approximately 9,000 vehicles in 2024 and confirmed the production schedule for its Gravity SUV and a midsize platform.

Portfolio Pulse from Adam Eckert

February 21, 2024 | 9:16 pm

Lucid Gr (NASDAQ:LCID) reported its Q4 earnings with an EPS of $-0.29, matching estimates. Revenue decreased by $100.56 million from the previous year. The company's past earnings performance shows a mixed trend with occasional beats and misses on EPS and revenue estimates.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 9:15 pm

Lucid Motors announced its Q4 vehicle delivery and production numbers, delivering 1,734 vehicles and producing 2,391. The company also provided its 2024 production guidance, aiming to produce approximately 9,000 vehicles.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:10 pm

Lucid Group reported Q4 2023 GAAP EPS of $(0.29), surpassing the $(0.32) estimate, but its sales of $157.20M fell short of the $179.88M estimate, marking a 39.00% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:09 pm

Wall Street is focused on Nvidia's upcoming Q4 earnings amid a tech selloff and concerns over Federal Reserve's future interest rate decisions. Tuesday's market downturn was influenced by mixed retail earnings, Nvidia earnings anxiety, and a decline in the leading economic index. Futures and specific stocks like Palo Alto Networks showed premarket declines, while the market anticipates Fed minutes and speeches for interest rate clues. Notable companies are scheduled for earnings reports, affecting stock movements.

Portfolio Pulse from Shanthi Rexaline

February 21, 2024 | 11:51 am

The article lists companies scheduled to report their earnings on February 21, 2024, including their expected earnings per share and revenue. It covers a wide range of industries and includes both companies expected to report profits and losses.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 10:09 am

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