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 stock tanking as EV maker announces share sale ahead of SUV launch
Lucid Motors stock (LCID) is sliding after the electric vehicle maker announced another capital raise via a share sale late Wednesday night, as the California-based automaker seeks further runway ahead of the release of its upcoming electric SUV.
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 Shares Sink on Stock Sale, Loss Warning
Lucid shares dropped 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,
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.
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 sees bigger losses ahead, and its stock drops 12%
Shares of Lucid Group Inc. fall 12% in the extended session Wednesday after the EV maker called for larger-than-expected operational losses and quarterly revenue that would be slightly ahead of forecast.
Why Lucid Motors, Nio, and Li Auto Stocks All Crashed This Week
The big hit for Lucid shares came when the company announced new plans to raise cash. That's just over two months after the ...
The Motley Fool on MSN1d
Why Lucid Group Stock Is Going Downhill Today
Investors tend to dislike secondary stock offerings as they dilute existing shareholders, and the weak third-quarter ...
bovnews43m
Why Did Lucid Group Inc (LCID) Stock Plunge -19.22% Last Week?
On Thursday, Lucid Group Inc (LCID) stock saw a decline, ending the day at $2.69 which represents a decrease of $-0.59 or -17.99% from the prior close of $3.28. The stock opened at $2.74 and touched a ...
Lucid Group announces pricing of public offering of common stock
Lucid Group announced that it priced its underwritten public offering of 262,446,931 shares of its common stock. The public ...
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.
Lucid Group’s Strategic Potential and Capital Needs Justify Hold Rating Amid Revenue Challenges and Production Ramp-Up
Bank of America Securities analyst John Murphy has reiterated their neutral stance on LCID stock, giving a Hold rating yesterday. John ...
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 ...
The Globe and Mail20h
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 an underwritten public offering of roughly 262 million shares of its ...