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Lucid Stock Plunges as Reservations for Cars Drop

Lucid Stock Plunges as Reservations for Cars Drop

Pamela James by Pamela James
November 9, 2022
in Business
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Electric-vehicle maker Lucid


turned in respectable third-quarter earnings and stuck with its forecast for vehicle shipments this year, but the stock was dropping. Reservations were the issue.



Lucid


(ticker: LCID) reported Tuesday a per-share loss of 40 cents on sales of $195 million. Wall Street was looking for a loss of 31 cents on sales of $209 million, but the bottom line and sales don’t matter much at this point.

Pamela James

Pamela James

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