Lucid Group Analysts Cut Their Forecasts After Q4 Results



Lucid Group Inc (NASDAQ: LCID) reported mixed fourth-quarter financial results on Wednesday.

Lucid reported fourth-quarter revenue of $157.2 million, which missed the consensus estimate of $179.88 million, according to Benzinga Pro. The electric vehicle company reported a quarterly loss of 29 cents per share, which beat analyst estimates for a loss of 32 cents per share.

Lucid said it produced 2,391 vehicles in the fourth quarter and delivered 1,734.

“Lucid is investing for the long term in technology, manufacturing and partnerships to further solidify our place in the market as the premier luxury EV brand in the world,” …

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