Lucid Stock Tumbles 18%. EV Maker Plans Huge Share Sale, Sees Wider Losses.
Lucid stock fell sharply Thursday after the electric-vehicle manufacturer said it planned a substantial public offering and projected wider-than-expected losses for the third quarter.Shares plummeted 15% to $2.
Lucid Sparks Selloff With Plan for Dilutive New Stock Sale, Q3 Loss Expectations
(Reuters) -Electric vehicle maker Lucid Group said it anticipates to report a bigger-than-expected loss for the third quarter and announced a public offering of over 262 million shares, sending its shares down 12% in after-market trading on Wednesday.
Lucid Group Stock Tanks on Share Sale, Bigger-Than-Expected Projected Loss
Lucid Group announced it would be selling approximately 637 million shares in a public offering and to its largest shareholder.
EV Maker Lucid Expects to Raise $1.67 Billion From Stock Sale
(Reuters) - Cash-strapped electric vehicle maker Lucid said on Thursday a public offering of more than 262 million shares would likely fetch it $1.67 billion in proceeds.
Lucid stock tanking as EV maker announces share sale ahead of SUV launch
Lucid Motors (LCID) stock is sliding after the EV-maker announced another capital raise via a share sale late Wednesday night, as the California-based EV maker seeks further runway ahead of the release of its upcoming EV SUV.
Lucid Shares Sink on Stock Sale, Loss Warning
Lucid shares sank after the electric-vehicle maker said it would shore up its finances by issuing new stock and warned of a larger-than-expected loss. The carmaker plans to sell more than 260 million shares in a public offering,
Saudi-backed EV maker Lucid expects to raise $1.67bn from stock offering
The company expects to report a loss from operations in the range of $765mn to $790mn for the quarter ended September 30
EV maker Lucid expects to raise $1.67 bln from stock sale
Cash-strapped electric luxury sedan maker Lucid said on Thursday a combined public offering and private placement of roughly 637 million shares would likely fetch it $1.67 billion.
Lucid Group Sees $1.67B in Proceeds from Stock Sale
PIF's purchase is contingent on Lucid completing the public stock sale. The public offering is expected to close on or about Oct. 18. Lucid said it expects to use the net proceeds from the offering and private placement by its majority shareholder for general corporate purposes,
EV-maker Lucid Group's shares drop following operational losses
California-based Lucid Group's shares price dropped by 10% during after-hours trading Wednesday after announcing larger-than-expected operational losses during the third quarter.
Extremely unprofitable Bay Area carmaker Lucid grabs at $1.6 billion lifeline
Lucid, an extremely unprofitable Bay Area carmaker, is grabbing a $1.6 billion lifeline from investors, including the ...
Why Lucid Group Stock Is Going Downhill Today
Shares of Lucid Group ( LCID -15.24%) shifted into reverse Thursday after the electric vehicle (EV) maker announced a ...
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Lucid chief says despite slower-than-expected EV market, it’s still outpacing luxury rivals
Despite admitting “the market is tough,” Lucid Motor’s (LCID) CEO Peter Rawlinson said the luxury EV maker is outpacing its ...
Lucid stock offering underscores reliance on Saudi funding
Lucid Group (LCID) recent stock offering underscores the company's continue reliance on Saudi funding. Read more here.
Why Lucid (LCID) Shares Are Falling Today
Shares of luxury electric car manufacturer Lucid (NASDAQ:LCID) fell 19.5% in the morning session after the company announced ...
These Stocks Are Moving the Most Today: TSMC, Nvidia, Travelers, Elevance, Lucid, Blackstone, Expedia, Netflix, and More
Taiwan Semiconductor reports a third-quarter earnings surge of 54%, Nvidia stock is on track for a record close, Travelers ...