Lucid Is Making Progress, Just Not Enough to Make a Profit [Yahoo! Finance]
Lucid Group, Inc. (LCID)
Company Research
Source: Yahoo! Finance
The big positive in 2024 was the fact that the electric vehicle (EV) maker produced a record number of vehicles in each quarter of the year. That's great news and helped the company deliver on a promise. But there's still one important goal that's a long way away. Lucid is attempting to build an electric vehicle company from scratch. At the start of 2024, management set a target of producing 9,000 vehicles for the year. It achieved that goal, with total production of 9,029 of its cars. It is important for companies to live up to their promises, so this is a good thing. In its fourth-quarter 2024 earnings release, management proudly announced that it "saw significant momentum in 2024, with four consecutive quarters of record deliveries." Fair enough, but full-
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LCID
News
- Can Lucid Group Stock Help Make You a Millionaire? [Yahoo! Finance]Yahoo! Finance
- Lucid to Acquire Select Facilities and Assets Previously Belonging to Nikola Corporation, Will Extend Offers to 300+ Former Nikola EmployeesPR Newswire
- Tesla launches in Saudi Arabia amid Chinese competition and tumbling sales [MSNBC.com]MSNBC.com
- Lucid Group, Inc. Announces Closing of Private Offering of $1.1 Billion of Convertible Senior Notes Due 2030 [Yahoo! Finance]Yahoo! Finance
- Lucid Group, Inc. Announces Closing of Private Offering of $1.1 Billion of Convertible Senior Notes Due 2030PR Newswire
LCID
Earnings
- 2/25/25 - Beat
LCID
Sec Filings
- 4/10/25 - Form SCHEDULE
- 4/10/25 - Form 4
- 4/8/25 - Form 8-K
- LCID's page on the SEC website