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Lucid Shares Sink on Stock Sale, Loss Warning
Lucid shares dropped after the electric-vehicle maker said it would shore up its finances by issuing new stock and warned of a larger-than-expected loss. The carmaker plans to sell more than 260 million shares in a public offering,
Lucid stock tanking as EV maker announces share sale ahead of SUV launch
Lucid Motors stock (LCID) is sliding after the electric vehicle maker announced another capital raise via a share sale late Wednesday night, as the California-based automaker seeks further runway ahead of the release of its upcoming electric SUV.
EV maker Lucid expects to raise $1.67 billion from stock sale
(Reuters) -Cash-strapped electric luxury sedan maker Lucid said on Thursday a combined public offering and private placement of roughly 637 million shares would likely fetch it $1.67 billion. The stock sale as well as its latest warning of a bigger-than-expected loss for the third quarter sent Lucid shares down as much as 16.
Lucid Group Sees $1.67B in Proceeds from Stock Sale
PIF's purchase is contingent on Lucid completing the public stock sale. The public offering is expected to close on or about Oct. 18. Lucid said it expects to use the net proceeds from the offering and private placement by its majority shareholder for general corporate purposes,
Lucid Shares Drops on Stock Sale, Loss Warning
Lucid shares sank after the electric-vehicle maker said it would shore up its finances by issuing new stock and warned of a larger-than-expected loss. The carmaker plans to sell more than 260 million shares in a public offering,
EV maker Lucid expects to raise $1.67 bln from stock sale
Cash-strapped electric luxury sedan maker Lucid said on Thursday a combined public offering and private placement of roughly 637 million shares would likely fetch it $1.67 billion.
Lucid sees bigger losses ahead, and its stock drops 12%
Shares of Lucid Group Inc. fall 12% in the extended session Wednesday after the EV maker called for larger-than-expected operational losses and quarterly revenue that would be slightly ahead of forecast.
EV-maker Lucid Group's shares drop following operational losses
California-based Lucid Group's shares price dropped by 10% during after-hours trading Wednesday after announcing larger-than-expected operational losses during the third quarter.
Lucid stock tumbles following public offering of nearly 262.5 million shares
Lucid intends to use the proceeds "for general corporate purposes, which may include, among other things, capital expenditures and working capital."
1d
on MSN
2025 Lucid Air Pure: What Do You Want To Know?
We're driving Lucid's entry-level car, the $69,900 Air Pure. Lucid Motors landed on the map in 2021 with the Air Dream ...
Automotive Fleet
3d
Fleet Review: Lucid Air Takes a Load Off Stress Factors
Whether it’s range anxiety, distractions, or daily struggles, this luxury electric vehicle is made for escaping — physical ...
Electrek
1d
Lucid chief says despite slower-than-expected EV market, it’s still outpacing luxury rivals
Despite admitting “the market is tough,” Lucid Motor’s (LCID) CEO Peter Rawlinson said the luxury EV maker is outpacing its ...
autoevolution
1d
Nothing Pumps Up the Adrenaline Like an Unfair 1,200-HP Drag Race Between Lucid and Tesla
Lucid Air Sapphire drag races 1,020-hp Tesla Model S Plaid, and it's spectacular, but you know exactly how it turns out ...
https//carbuzz
9d
Lucid Sets Yet Another Record
These numbers put Lucid Motors on pace to hit its full-year sales forecasts. The company has delivered 7,142 vehicles this ...
Electrek
1d
Here’s why Lucid’s (LCID) stock is crashing today
Lucid Motors (LCID) stock was down as much as 20% during Thursday’s pre-market after the company announced plans to sell ...
Automotive News
11d
Lucid Q3 sales rise 91% to record 2,781 on generous incentives for Air sedan
Lucid Q3 production increased a modest 16% as the automaker cleared out vehicle inventory. The EV startup's stock price rose ...
11d
on MSN
Lucid Motors sets third straight quarterly sales record ahead of Gravity SUV launch
Lucid Motors has now officially sold more EVs this year than it did in all of last year, and with three months to go in 2024.
9d
Lucid’s New All-Electric SUV Will Launch Later This Year
Lucid announced on Monday that it delivered 2,781 examples of its one and only model, the Air sedan (seen above), between the ...
autoevolution
11d
The Lucid Air Joins the Dubai Police Force, It's in Just the Right Place
The Lucid Air will now wear the white and green livery of the Police Dubai Force and operate to catch perpetrators in the low ...
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