Lucid Announces Fourth Quarter and Full Year 2022 Financial Results, Exceeds Annual Production Guidance With 3,493 Vehicles in Q4 and 7,180 in the Full Year 2022

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Go back to Lucid Announces Fourth Quarter and Full Year 2022 Financial Results, Exceeds Annual Production Guidance With 3,493 Vehicles in Q4 and 7,180 in the Full Year 2022

Lucid Group (LCID) plunges on revenue miss and disappointing 2023 production guidance

February 23, 2023 9:15 AM EST

Lucid Group (NASDAQ: LCID) shares plunged Thursday following its latest earnings release, which revealed demand fell during the quarter.

The electric vehicle maker topped earnings expectations, reporting a loss per share of $0.28, $0.14 better than the analyst estimate of a loss of $0.42 per share.

However, revenue missed expectations by a wide margin, coming in at $257.7 million versus the... More