Lucid Group (LCID) Shares Plunged 13% on Disappointing Q4 Results
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Electric Vehicle Manufacturer Lucid Group Gearing Up for First International Plant in Saudi Arabia After Signing Agreements with Multiple Agencies
February 28, 2022 4:06 PM ESTNEWARK, Calif. and RIYADH, Saudi Arabia, Feb. 28, 2022 /PRNewswire/ --Â Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest range, fastest charging electric car on the market, today announced the signing of agreements with the Ministry of Investment of Saudi Arabia ("MISA"), the Saudi Industrial Development Fund ("SIDF"), and the Economic City at King Abdullah Economic City ("KAEC"), as it lays the groundwork for a full production factory in Saudi Arabia. The agreements are expected to accelerate Saudi Arabia's strategic goal to transform and diversify its economy through the development of... More
Lucid Announces Fourth Quarter and Full Year 2021 Financial Results, Updates 2022 Outlook
February 28, 2022 4:05 PM ESTNEWARK, Calif., Feb. 28, 2022 /PRNewswire/ -- 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 fourth quarter and full year ending December 31, 2021.
The Company's Q4 revenue was $26.4 million, including $21.3 million from initial deliveries of its innovative Lucid Air Dream Edition, which began in October. Lucid delivered 125 cars to customers... More
