Well whoop-de-do!
They're flying off the shelf lol.
Lucid Group stock ended 2020 at about ten bucks a share, popped above $50 a couple of times in 2021, and is now worth $2.30 lol.
The company’s net loss for the third quarter widened to $992.5 million. That compares to a loss of $630.9 million a year earlier.
Lucid CEO Peter Rawlinson described the quarter as a “landmark” for
the company, citing record deliveries of 2,781 units as well as
cost-cutting measures. He also noted that the company hit financial and
production targets. ...
The company reaffirmed plans to produce roughly 9,000 vehicles this year, which would mark a 6.8% increase compared to 8,428 units in 2023. ...
Lucid’s stock has been under pressure this year amid widening losses, slower-than-expected sales and significant cash burn.
More.
