Lucid Group Inc

NASDAQ:LCIDUnited States

Yesterday

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• DJ Lucid CEO Has Sharp Words for Former Employer -- Market Talk, from 8 hours ago by Dow Jones

  8 hours ago by Dow Jones
  Companies Mentioned: LCID
  
  1839 ET - Lucid CEO Peter Rawlinson is comparing his company with Tesla, his former employer, in more than one metric. Rawlinson points out on a call with analysts that Lucid's production was up about 40% from a year earlier in 1Q, compared with a drop in vehicle sales at Tesla in the same period. Notably, Tesla delivered 386,810 vehicles in 1Q, compared with 1,967 deliveries by Lucid. Rawlinson also notes that Tesla's share price is down about 26% this year, compared with about a 28% drop for Lucid's stock. "There is a trend here in this sector," Rawlinson says. "But look, clearly, we've got a path to get out of it." (ben.glickman@wsj.com; @benglickman)
  

• DJ Lucid Sales Beat Wall Street With an Assist From the Saudis. The Stock Is Down. -- Barrons.com, from 8 hours ago by Dow Jones

  8 hours ago by Dow Jones
  Companies Mentioned: MBGYY, LCID, FFND
  
  Al Root
  
  First-quarter sales from electric vehicle start-up Lucid were better than expected, but a big portion of sales came from a related party -- the Saudi Government.
  

• DJ Lucid Group CEO Pushes Back on Cost Criticism -- Market Talk, from 9 hours ago by Dow Jones

  9 hours ago by Dow Jones
  Companies Mentioned: LCID
  
  1755 ET - Lucid Group's Peter Rawlinson is pushing back on criticisms of the company's high cost-per-vehicle. He says on a call with analysts that he has seen the commentary about the figure, but says those criticisms reflect a lack of knowledge of the company's model. "If we envisaged the company would only make a small number of vehicles, we would have purchased less equipment and built a smaller factory," he says. Rawlinson says the leverage of Lucid's operating model should become obvious as it scales up. The company delivered 1,967 vehicles in 1Q, and had costs of revenue of $404.8 million. Shares are down 6.9% after-hours. (ben.glickman@wsj.com; @benglickman)
  

• Lucid Group Q1 Loss Narrows, Revenue Rises; Shares Drop After Hours, from 10 hours ago by MT Newswires

  10 hours ago by MT Newswires
  Companies Mentioned: LCID
  05:14 PM EDT, 05/06/2024 (MT Newswires) -- Lucid Group (LCID) reported a Q1 net loss late Monday of $0.30 per diluted share, compared with a loss of $0.43 per share a year earlier. Analysts polled by Capital IQ expected a loss of $0.25. Revenue for ...

• DJ Lucid 1Q Loss Narrows As Production Ramps Up, from 10 hours ago by Dow Jones

  10 hours ago by Dow Jones
  Companies Mentioned: LCID
  
  By Ben Glickman
  
  Lucid Group posted a narrower first-quarter loss after the company continued to ramp up production of its electric vehicles.
  
  The Newark, Calif.-based EV maker reported a loss of $680.9 million, or 30 cents a share, in the quarter ended March 31, compared with a loss of $779.4 million, or 43 cents a share, a year earlier. Analysts polled by FactSet expected a per-share loss of 26 cents.