Lucid Group Inc. late Wednesday reported a narrower quarterly loss but sales came in below Wall Street expectations and its order book shrunk, sending the...
Lucid Group Inc. late Wednesday reported a narrower quarterly loss but sales came in below Wall Street’s expectations and its order book shrunk, sending the stock more than 10% lower in after-hours trading.
Revenue... Lucid Group Inc. late Wednesday reported a narrower quarterly loss but sales came in below Wall Street’s expectations and its order book shrunk, sending the stock more than 10% lower in after-hours trading. “Last year was a challenging year for everyone, yet despite the extraordinary supply-chain and logistics challenges, the team persevered,” Chief Executive Peter Rawlinson said in a statement.
The reservation number does not include the up to 100,000 vehicles under Lucid’s agreement with the government of Saudi Arabia announced last year. Saudi Arabia’s sovereign-wealth fund has backed Lucid from its start.
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