3 months ago
Key Takeaways
- Lucid Group delivered 2,394 vehicles successful nan 2nd quarter, a astir 70% summation year-over-year.
- Lucid banal was precocious connected gait to adjacent Monday astatine its highest level since mid-May, aft hitting its all-time debased successful April.
- The results travel connected nan heels of likewise affirmative transportation numbers from Tesla.
Shares of Lucid Group (LCID) roseate Monday aft nan electrical conveyance shaper announced robust second-quarter transportation numbers.
The Newark, Calif.-based institution delivered 2,394 vehicles successful nan quarter, a astir 70% summation year-over-year, it said Monday. Lucid produced 2,110 vehicles successful nan aforesaid span.
Lucid's shares were precocious up astir 4%. If that holds, nan banal would adjacent Monday astatine its highest level since mid-May.
TradingView
The company’s stock value has taken a beating, losing astir 60% complete nan past twelvemonth and dropping to an all-time intraday debased of $2.29 successful April, arsenic investors person expressed interest astir the company's financial performance
Lucid said it would merchandise its latest quarterly results connected August 5.
Lucid’s results travel affirmative transportation numbers from Tesla (TSLA) announced past week Elon Musk’s EV elephantine delivered 443,956 vehicles successful nan 2nd quarter, up of analysts' statement of astir 439,000. Tesla's banal gained 27% past week
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