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 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,
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.
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
Lucid’s stock takes a dive after EV maker warns of larger losses
Shares of Lucid Group Inc. fall more than 10% 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.
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.
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.
Lucid Group Shares Fall 12% on Wider Loss Guidance, Lower EV Deliveries
Shares of Lucid Group dropped 12% to $2.89 in postmarket trading after the company guided for significantly wider losses in the third quarter. The Newark, Calif.-based electric vehicle manufacturer said Wednesday it expects third-quarter losses of $765 million to $790 million from reported losses of $630.
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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 ...
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.
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 ...
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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 ...
Lucid stock slides after pricing securities offering
Lucid Group (LCID) shares fell 17% after announcing a securities offering to raise $1.67B for corporate purposes, including ...
Q2 Earnings Highs And Lows: Lucid (NASDAQ:LCID) Vs The Rest Of The Automobile Manufacturers Stocks
Earnings results often indicate what direction a company will take in the months ahead. With Q2 behind us, let’s have a look ...
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Three Stocks: Taiwan Semiconductor, Cameco and Lucid Group
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