Tag: $Lucid

Lucid misses revenue expectations after EV deliveries disappoint

Luxury electric vehicle maker Lucid Group reported that its second-quarter revenue fell short of Wall Street’s expectations after it delivered fewer of its Air luxury sedans than expected during the period.

Lucid Cuts Prices on EV Models. It’s Following in Tesla’s Footsteps.

Lucid Group has lowered the prices of its Air luxury sedans. The electric-vehicle maker’s move could sharpen its challenge to industry leader Tesla in the high-end EV segment.

Saudi Investment Fund Buys More Lucid Stock. Shares Rise.

Lucid ‘s largest shareholder is showing growing support for its electric vehicle investment.

Aston Martin turns to U.S. EV company Lucid for high-tech help

British luxury carmaker Aston Martin has reached a deal that will give U.S. electric vehicle (EV) maker Lucid Group a 3.7% stake in the company in return for access to its “high performance” technology, Aston Martin said on Monday.

Lucid Stock Rises. It’s the Latest EV Maker to Enter China’s Car Market.

Luxury electric-vehicle maker Lucid is planning on selling automobiles in China, the biggest market for cars, according to a report.

EV maker Lucid announces $3 billion raise from Saudi public wealth fund and stock offering

Lucid Group said on Wednesday that it is raising about $3 billion through a new equity offering, with the majority coming from the Saudi fund that controls the luxury electric-vehicle maker.

Lucid’s Latest Loss Isn’t the Problem for the Stock. EV Pricing Is.

Lucid Group LCID shareholders have endured a lot lately. The company’s first- quarter earnings report highlighted a new problem—pricing—rather than offering relief.