Lucid shares drop as deliveries take hit from Tesla's price war
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Citi Comments Mixed on Lucid Group Inc. (LCID) Following Q2 Update
July 12, 2023 11:05 AM EDTCiti analyst Itay Michaeli reiterated a Neutral rating and $8.00 price target on Lucid Group Inc. (NASDAQ: LCID).
The analyst comments "Lucid reported Q2 deliveries of 1.4k units (flat QoQ), below our expectation of 1.8k and the Bloomberg consensus of 1.9k. Production... More
Lucid (LCID) sinks as deliveries fall short of expectations amid demand concerns
July 12, 2023 10:40 AM EDTShares of American luxury EV startup Lucid (NASDAQ: LCID) fell more than 10% in early trading Wednesday after the automaker revealed that the company had delivered 1,404 of its Air sedans to customers in the second quarter.
Lucids second-quarter deliveries compare with 1,406 deliveries in the first quarter of 2023 and 679 in the second quarter of 2022. Analysts... More
