Lucid Group (LCID) Shares Plunged 13% on Disappointing Q4 Results
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Lucid Group (LCID) Gearing Up for First International Plant in Saudi Arabia After Signing Agreements with Multiple Agencies
February 28, 2022 4:20 PM ESTLucid 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 sustainable energy and transportation. Lucid estimates that the location of Lucid's first... More
Lucid Group (LCID) Misses Q4 EPS by 29c
February 28, 2022 4:07 PM ESTLucid Group (NASDAQ: LCID) reported Q4 EPS of ($0.64), $0.29 worse than the analyst estimate of ($0.35). Revenue for the quarter came in at $26.4 million versus the consensus estimate of $36.74 million.
Customer reservations now exceed 25,000, reflecting potential sales of more than $2.4BFor earnings history and earnings-related data on Lucid Group (LCID) click here.
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