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Stock impact report

Lucid Group Inc (LCID) Q3 2024 Earnings Call Highlights: Record Deliveries and Strategic Growth ... [Yahoo! Finance]

Lucid Group, Inc. (LCID) 
Company Research Source: Yahoo! Finance
Lucid Group Inc ( NASDAQ:LCID ) raised approximately $1.75 billion through a public offering, providing financial runway into 2026. The company achieved record deliveries in Q3 2024, with 2,781 vehicles delivered, marking a 91% year-over-year increase. Lucid Group Inc ( NASDAQ:LCID ) has seen growing brand awareness, reaching an all-time high in the third quarter. The company is on track to produce approximately 9,000 vehicles for the full year 2024. Lucid Group Inc ( NASDAQ:LCID ) earned the highest possible overall safety rating of five stars from the National Highway Traffic Safety Administration. Average selling price was down sequentially, primarily due to product mix. The company reported a GAAP net loss per share of $0.41 in Q3 2024. Lucid Group Inc ( NASDAQ:LCID ) faced a non-cash loss of approximately $240 million due to an increase in the fair value of derivative liabilities. The company is not yet guiding production and delivery numbers for 2025, indicating Show less Read more
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