Lucid tumbles on dour forecast as Tesla's price war takes toll
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Lucid Group (LCID) plunges on revenue miss and disappointing 2023 production guidance
February 23, 2023 9:15 AM ESTLucid 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
