Lucid

Is Lucid Group Stock a Buy Now?

Lucid Group’s (LCID -2.75%) stock tumbled 13% during after-hours trading on Aug. 3 following its second-quarter earnings report. The luxury electric-vehicle (EV) maker generated $97.3 million in revenue, which represented a big jump from $174,000 a year ago (when it hadn’t started shipping its vehicles) but broadly missed analysts’ expectations by $59.8 million. Lucid only …

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Lucid Motors has drastically reduced its production target, again

Luxury EV startup Lucid Motors changed its yearly production target again, lowering it to an expected output of between 6,000 and 7,000 vehicles, the company announced today. That’s only a fraction of the 20,000 cars that Lucid initially promised to deliver in 2022. The Tesla competitor has only produced 1,405 vehicles so far this year, …

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