Lucid Announces Third Quarter 2023 Financial Results
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Cantor Fitzgerald cuts Lucid (LCID) to Neutral following 3Q revenue miss
November 8, 2023 8:34 AM ESTCantor Fitzgerald downgraded Lucid Group (NYSE: LCID) to a Neutral rating (From Overweight) and cut their 12-month price target on the electric automaker to $6.00 (From $10.00) after the company reported its 3Q23 earnings results after the market closed on Tuesday.
LCID reported 3Q revenues of $137.8 million, falling short of the consensus estimate of $185.1 million. This came after the company's pre-announcement on October 17, revealing that it had manufactured 1,550 vehicles (below the estimated 2,400) and delivered 1,457 vehicles (below the estimated 1,650)... More
Lucid Group (LCID) Cuts FY23 Production Guidance to 8000-8,500 from 10,000 Previously
November 7, 2023 4:07 PM ESTLucid Group (LCID) Cuts FY23 Production Guidance to 8000-8,500 from 10,000 Previously
... More