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

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

After-Hours Movers: Affirm, Walt Disney Falls Post EPS; Axon Gains

November 8, 2022 5:50 PM EST

After-Hours Stock Movers:

CarGurus (NASDAQ: CARG) 20% LOWER; reported Q3 EPS of $0.21, $0.05 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $426.5 million versus the consensus estimate of $466.58 million. CarGurus sees Q4 2022 EPS of $0.13-$0.16, versus the consensus of $0.29. CarGurus sees Q4 2022 revenue of $270-300 million, versus the consensus of $468.24 million. CarGurus sees FY2022 EPS of $1.02-$1.05, versus the consensus of... More

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

November 8, 2022 5:32 PM EST

Lucid Group, Inc. (Nasdaq: LCID) entered into an "at-the-market" program pursuant to an equity distribution agreement, dated November 8, 2022, between the Company and BofA Securities, Inc., Barclays Capital Inc. and Citigroup Global Markets Inc. as managers. Under the at-the-market program, Lucid may sell up to $600 million of shares of its common stock through the managers. Such sales could be made through ordinary brokers' transactions, to or through a market maker, in privately negotiated transactions, in block trades, in transactions that are deemed to be "at-the-market offerings" as defined in Rule 415 under the... More

Lucid Group (LCID) Misses Q3 EPS by 8c, Revenues Miss

November 8, 2022 4:29 PM EST

Lucid Group (NASDAQ: LCID) reported Q3 EPS of ($0.40), $0.08 worse than the analyst estimate of ($0.32). Revenue for the quarter came in at $195.5 million versus the consensus estimate of $210.69 million.

For earnings history and earnings-related data on Lucid Group (LCID) click here.

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EV maker Lucid slumps as quarterly reservations slip

November 8, 2022 4:13 PM EST

By Akash Sriram

(Reuters) -Lucid Group Inc said on Tuesday orders for its luxury electric cars slipped in the third quarter from the second, partly due to canceled orders and people fearing long waiting period, sending shares down more than 10% after market hours.

The company said it had more than 34,000 orders in the reported period, down 3,000 reservations from the second quarter, after it delivered about 1,400 vehicles and saw cancellations.

Lucid said it had $3.85 billion in cash, which... More

Lucid Group (LCID) Reports Q3 Deliveries of 1,398 EVs, Revenue of $195.5M, Reaffirms FY Guidance of 6K-7K Deliveries

November 8, 2022 4:08 PM EST

Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced financial results for its third quarter ended September 30, 2022. Lucid reported Q3 revenue of $195.5 million on deliveries of 1,398 vehicles. The Company reported strong customer demand for Lucid Air with reservations over 34,000, as of November 7, 2022, representing potential sales of over $3.2 billion. This reservation number does not include the up to 100,000 vehicles under the agreement with the government of Saudi Arabia. Lucid ended the quarter with approximately $3.85 billion cash, cash equivalents, and investments, which is... More

Lucid Group (LCID) November weekly coption implied volatility into quarter results

November 8, 2022 10:42 AM EST

Lucid Group (NASDAQ: LCID) November weekly call option implied volatility is at 174, November is at 118; compared to its 52-week range of compared to its 52-week range of 70 to 141 into the expected release of quarter results today after the bell.

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Lucid Group (LCID) November weekly 14 straddle into quarter results

November 8, 2022 4:59 AM EST

Lucid Group (NASDAQ: LCID) November weekly 14 straddle priced for a move of 14% into the expected release of quarter results today after the bell.

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Lucid (LCID) files lawsuit against Texas over direct sales ban

November 7, 2022 2:28 PM EST

Lucid Motors (NASDAQ: LCID), an American electric vehicle maker headquartered in California, has filed a lawsuit against the state of Texas over the state's rules on auto dealerships, which the EV startup labels "economic protectionism."

In a suit filed in Austin, Lucid said... More

Lucid Group (LCID) November weekly option implied volatility at 140 into quarter results

November 7, 2022 10:42 AM EST

Lucid Group (NASDAQ: LCID) November weekly call option implied volatility is at 140, November is at 104; compared to its 52-week range of compared to its 52-week range of 70 to 141 into the expected release of quarter results after the bell on November 8.

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Lucid Group (LCID) November weekly 14 straddle priced into quarter results

November 7, 2022 4:42 AM EST

Lucid Group (NASDAQ: LCID) November weekly 14 straddle priced for a move of 14% into the expected release of quarter results after the bell on November 8.

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