Lucid Group (LCID) Enters $600M ATM Offering, and $915M in Additional Investment from PIF

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Go back to Lucid Group (LCID) Enters $600M ATM Offering, and $915M in Additional Investment from PIF

Lucid (LCID) trades down following 3Q miss; Confirms revised production guidance

November 9, 2022 7:40 AM EST

Shares of Lucid Group are down 7.78% in pre-market trading on Wednesday after the company reported a 3Q miss. The electric vehicle maker reported a 3Q EPS of ($0.40), missing the consensus estimate of ($0.32) by $0.08. Revenue for the quarter came in at $195.5 million versus the consensus estimate of $210.69 million.

On Oct.... More