May 9, 2023
Lucid Group (LCID; $7.11; O/P) delivered 1,406 vehicles in Q1, which generated $149mm of revenues for the company, as it also produced 2,314 vehicles during the quarter. By comparison, we were modeling Lucid Air sales…
April 14, 2023
Last night (4/13), Lucid Group (LCID; $8.25; O/P) announced it produced 2,314 vehicles during Q1 at its manufacturing facility in Casa Grande, Arizona, which is above the Street’s estimate of ~1,900 but modestly below our…
March 29, 2023
Yesterday after the close, Lucid Group (LCID; $7.55; O/P) disclosed in an 8-K, which included an internal memo to employees from CEO and CTO Peter Rawlinson, plans to restructure and subsequently reduce headcount by approximately…
March 27, 2023
We initiate on Lucid Group (LCID: $8.19) with an Outperform and a $11 target. We believe Lucid is at a critical juncture in its ambitious commercial development plans for a luxury branded electric vehicle based…