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Benzinga
Benzinga
Business
Dylan Berman

Lucid Stock Hits New Lows — Can the EV Maker Turn It Around?

Denver,,Co,-,May,15,2024:,A,Lucid,Motors,Retail

Lucid Group, Inc. (NASDAQ:LCID) shares are trading lower Monday, extending losses of more than 35% over the past month.

What To Know: On Nov. 5, the company reported third quarter earnings. Specifically, the company reported an adjusted loss of $2.65, missing the consensus estimate of a $2.27-loss. In addition, the company reported sales of $336.58 million, missing the consensus estimate of $379.11 million.

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