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What's Going On With Lucid Stock Tuesday?
Lucid Group Inc (NASDAQ:LCID) shares are trading lower Tuesday on the heels of the company’s mixed first-quarter results.
What Happened: Lucid reported first-quarter revenue of $172.8 million, which beat the consensus estimate of $156.99 million, according to Benzinga Pro. The EV maker reported an adjusted loss of 30 cents per share, which missed estimates for a loss of 25 cents per share.
Lucid said it delivered 1,967 vehicles in the first quarter, up 39.9% on a year-over-year basis. The company previously reported ...