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Namrata Sen

Lucid Stock Declines Nearly 9% In Wednesday Pre-Market: What's Going On? (CORRECTED)

Lucid LCID electric vehicle

Nov,20,2024:,Scottsdale,Fashion,Square,Mall,,Scottsdale,,Arizona,-

Editor’s Note: This article has been updated to correct an error. The previous version incorrectly referred to Peter Rawlinson as the CEO of Lucid.

Lucid Group Inc. (NASDAQ:LCID) shares fell 8.68% in pre-market trading on Wednesday after the electric vehicle (EV) maker posted a steeper-than-expected Q2 loss and revealed it's losing over $82,000 on each vehicle sold.

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