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Lucid Cuts Production Guidance as Its Results Fall Short

Por: MarketWatch Business November 08, 2023

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The operating loss amounted to about $753 million, better than the $830 million analysts projected. A smaller loss is great, but it came from lower sales. What is more, Lucid reduced its forecast of 2023 production to a range of 8,000 to 8,500 cars from about 10,000. Shares were down 2.3% in after-hours trading. Coming into the earnings report, Lucid shares had been badly beaten up. Through Tuesday trading, Lucid shares are down about 44% over... + full article



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