Lucid Announces Q2 Production & Deliveries, Sets Date for Second Quarter 2024 Results

$LCID
Auto Manufacturing
Consumer Discretionary
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Recent Analyst Ratings for
$LCID

DatePrice TargetRatingAnalyst
3/18/2025$3.00Underweight → Equal-Weight
Morgan Stanley
3/7/2025$2.29Hold
TD Cowen
2/26/2025$3.00 → $1.00Neutral → Underperform
BofA Securities
2/24/2025$3.50 → $1.12Neutral → Sell
Redburn Atlantic
2/12/2025$5.00Buy
The Benchmark Company
11/11/2024$4.00Hold → Buy
R. F. Lafferty
8/6/2024$4.00Underweight → Neutral
Cantor Fitzgerald
4/22/2024$2.90Neutral
Citigroup
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$LCID
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  • Lucid Announces Fourth Quarter and Full Year 2024 Financial Results

    Produced 3,386 vehicles in Q4 and 9,029 vehicles in 2024, in line with the 2024 annual production guidance of 9,000 vehiclesDelivered 3,099 vehicles in Q4 and 10,241 vehicles in 2024; up 79% compared to Q4 2023 and up 71% compared to full year 2023Q4 revenue of $234.5 million and annual revenue of $807.8 millionGAAP net loss per share of $(0.22) in Q4 and $(1.25) in full year 2024; non-GAAP net loss per share of $(0.22) in Q4 and $(1.04) in full year 2024Ended the quarter with approximately $6.13 billion in total liquidity2025 production guidance of approximately 20,000 vehiclesAnnounced CEO transition; Marc Winterhoff, COO, appointed Interim CEO, Peter Rawlinson to serve as Strategic Techni

    $LCID
    Auto Manufacturing
    Consumer Discretionary
  • Lucid Announces CEO Transition

    Peter Rawlinson steps aside from prior roles, transitions to Strategic Technical Advisor to the Chairman, Marc Winterhoff Appointed Interim CEO NEWARK, Calif., Feb. 25, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced Peter Rawlinson has stepped aside from his prior roles. He will transition to the role of Strategic Technical Advisor to the Chairman of the Board. Marc Winterhoff, Chief Operating Officer, has been appointed Interim Chief Executive Officer. As part of the company's regular succession plan

    $LCID
    Auto Manufacturing
    Consumer Discretionary
  • Lucid Gravity Now Available to Configure and Order for Customers in Canada on the Lucid Motors Website

    Lucid Gravity Grand Touring starts at $134,5001 CDN and is available to order nowLucid Gravity Touring will start at $113,5001 CDN and is planned for late 2025Lucid Gravity delivers an expansive interior that comfortably seats up to seven adults and offers up to nearly 3,400 litres of cargo space.Grand Touring includes a NACS charging port and is projected to have more than 720km2 of range, 400 kW fast charging, and access to the Tesla Supercharger networkLucid Gravity Grand Touring can be found now on the configurator at the Lucid website, which can be found here for English and here for FrenchNEWARK, Calif., Feb. 14, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world'

    $LCID
    Auto Manufacturing
    Consumer Discretionary

$LCID
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  • Lucid Announces CEO Transition

    Peter Rawlinson steps aside from prior roles, transitions to Strategic Technical Advisor to the Chairman, Marc Winterhoff Appointed Interim CEO NEWARK, Calif., Feb. 25, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced Peter Rawlinson has stepped aside from his prior roles. He will transition to the role of Strategic Technical Advisor to the Chairman of the Board. Marc Winterhoff, Chief Operating Officer, has been appointed Interim Chief Executive Officer. As part of the company's regular succession plan

    $LCID
    Auto Manufacturing
    Consumer Discretionary
  • Lucid Announces New Chief Financial Officer

    NEWARK, Calif., Jan. 28, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced the appointment of Taoufiq Boussaid as Chief Financial Officer, planned to become effective February 25, 2025. Interim CFO Gagan Dhingra will be promoted to Senior Vice President, Finance and Accounting and also continue as Chief Accounting Officer, reporting to Boussaid once he assumes the CFO role. "Taoufiq is joining Lucid at a pivotal time as we ramp up production of the Lucid Gravity SUV and accelerate our progress toward ach

    $LCID
    Auto Manufacturing
    Consumer Discretionary
  • Lucid Appoints Nick Twork as Head of Global Communications

    NEWARK, Calif., June 25, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, announced the appointment of Nick Twork as Head of Global Communications. Twork will oversee Lucid's global communications team, which includes worldwide product, corporate, financial and internal communications; media relations; and social media. Twork will help Lucid's world-class executive team support and amplify the company's mission, working closely across all divisions internationally. He will report directly to Lucid CEO and CTO Peter Raw

    $LCID
    Auto Manufacturing
    Consumer Discretionary

$LCID
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  • Lucid Announces Fourth Quarter and Full Year 2024 Financial Results

    Produced 3,386 vehicles in Q4 and 9,029 vehicles in 2024, in line with the 2024 annual production guidance of 9,000 vehiclesDelivered 3,099 vehicles in Q4 and 10,241 vehicles in 2024; up 79% compared to Q4 2023 and up 71% compared to full year 2023Q4 revenue of $234.5 million and annual revenue of $807.8 millionGAAP net loss per share of $(0.22) in Q4 and $(1.25) in full year 2024; non-GAAP net loss per share of $(0.22) in Q4 and $(1.04) in full year 2024Ended the quarter with approximately $6.13 billion in total liquidity2025 production guidance of approximately 20,000 vehiclesAnnounced CEO transition; Marc Winterhoff, COO, appointed Interim CEO, Peter Rawlinson to serve as Strategic Techni

    $LCID
    Auto Manufacturing
    Consumer Discretionary
  • Lucid Announces Q4 Production & Deliveries, Sets Date for Fourth Quarter 2024 Results

    NEWARK, Calif., Jan. 6, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced production and delivery totals for the quarter ended December 31, 2024. During this period, Lucid produced 3,386 vehicles and delivered 3,099 vehicles, of which approximately 7% were subject to operating lease accounting.1   On a full year basis in 2024, the company produced 9,029 vehicles and delivered 10,241 vehicles, of which approximately 5% were subject to operating lease accounting. Lucid will host a conference call to discus

    $LCID
    Auto Manufacturing
    Consumer Discretionary
  • Lucid Announces Third Quarter 2024 Financial Results

    Produced 1,805 vehicles in Q3; on track for annual production of approximately 9,000 vehiclesDelivered 2,781 vehicles in Q3; up 90.9% compared to Q3 2023Q3 revenue of $200.0 millionGAAP net loss per share of $(0.41); non-GAAP net loss per share of $(0.28)Ended the quarter with approximately $5.16 billion in total liquiditySubsequent to the third quarter, completed a capital raise of approximately $1.75 billion in October 2024NEWARK, Calif., Nov. 7, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced financial results for its third quarter ended September 30, 2024. The earnings presentation is available on its investor re

    $LCID
    Auto Manufacturing
    Consumer Discretionary

$LCID
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