Published on 22 Feb 2023 on Market Watch
Lucid stock falls 9% after EV maker's sales and reservations drop
Lucid Group Inc. late Wednesday reported a narrower quarterly loss but sales came in below Wall Street’s expectations and its order book shrunk, sending the stock about 9% lower in after-hours trading.
Lucid lost $473 million, or 28 cents a share, in the fourth quarter, compared with a loss of $1.05 billion, or 64 cents a share, in the year-ago period.