March 29, 2024

Web and Technology News

Lucid stock falls as sales miss expectations

Lucid’s future was already cloudy, but lately the EV startup’s name is practically a misnomer.  On Wednesday, Lucid told investors that it delivered 1,404 of its Air sedans during the second quarter, missing Wall Street analysts’ expectations by nearly 600 vehicle deliveries. The startup also said it built 2,173 vehicles during Q2, down from 2,314 […]

Lucid stock falls as sales miss expectations by Harri Weber originally published on TechCrunch

EV maker Lucid misses on revenue, earnings in Q1

Lucid’s first-quarter results showed a company with widening losses and revenue that failed to meet Wall Street expectations, results that sent shares tumbling as investors worried about demand for its luxury all-electric Air sedan. Lucid Group’s shares dropped more than 9% in after-hours trading as investors reacted to the dismal first-quarter earnings. Shares have since […]

EV maker Lucid misses on revenue, earnings in Q1 by Kirsten Korosec originally published on TechCrunch

Lucid Air Touring review: Some reservations

The battle for market share in the luxury EV sector is heating up, leaving customers with more choice than ever before. That’s great news for consumers and a pressure cooker for EV makers hoping to carve out market share. The latest entry to this competitive luxury EV landscape is the Lucid Air Touring sedan, a […]

Lucid Air Touring review: Some reservations by Abigail Bassett originally published on TechCrunch

Lucid shares pop after exceeding EV production goal

Lucid Group eked out a small win in 2022. The EV automaker said Thursday it produced 7,180 of its luxury Air sedans in 2022, exceeding its previously lowered guidance for the year. Lucid adjusted its guidance in fall, stating it would produce 6,000 to 7,000 vehicles in 2022. Shares pooped more than 6% immediately following […]

Lucid shares pop after exceeding EV production goal by Kirsten Korosec originally published on TechCrunch

Lucid wants a slice of China’s crowded EV market

Lucid Motors, the publicly traded electric carmaker, is poised to enter China as it starts hiring in the world’s largest EV market. The California-based auto company is recruiting a dozen positions in Shanghai, its LinkedIn posts show. The roles range from product management, marketing and sales, public policy, design, supply chain management, to software development. […]

Lucid wants a slice of China’s crowded EV market by Rita Liao originally published on TechCrunch