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On Saturday, February 17, 2024, an electric vehicle Air Electric (EV) in the company’s company in Taineson, Virginia, USA.
Samuel Carum | Bloomberg | Gets the image
Lucid Group On Tuesday, she softened her production forecast for the rest of the year, when she reported the profit in the second quarter, which missed Wall Street expectations.
Now the manufacturer of electric vehicles involves producing from 18,000 to 20,000 vehicles a year after previously made a target of 20,000.
Lucid shares decreased by more than 9% on Tuesday’s receipt.
That’s what the company reported in the three-month period, which ended on June 30 compared to what Wall Street was waiting for LSEG analysts on the basis of a survey of analysts:
- Loss for the share: 24 cents adjusted compared to the loss of 21 cents are expected
- Income: 259 million dollars vs. $ 280 million expected
The company reported a net loss for a quarter of $ 855, or 28 cents per share, compared to a net loss of $ 790 million, or 34 cents per share in the same period last year. With the exception of restructuring and other disposable costs, the company has accommodated a 24 cents for a share for a quarter.
The total costs and costs of Lucid increased by approximately 7.5% compared to the same period last year, amounted to $ 1.06 billion.
The carmaker said the quarter of approximately $ 4.86 billion ended.
Last month Lucid announced this Uber It would be Invest 300 million dollars The company has over 20,000 roboticas over the next six years. He also tried to build his own awareness of brands, partly pressing actor Timothy Chalamet to star in a new advertising campaign.
But Lucid burns in cash because it works to increase their production Gravitsky SUVThe second vehicle after the air sedan.
“We focus on business basics to achieve the best goals: disciplined costs, brand construction and continuing our Lucid Gravity Start Ramp,” Taoufiq Boussaid financial director said.
Lucid said in July what it is delivery 3 309 vehicles in the second quarter, an increase of 38.2% compared to the same period in 2024, but lacking analysts’ expectations.
Demand for clean electric cars was slower than expectedand consumers sought cheap hybrids.
The industry also attracts the influence of the new tax on President Donald Trump, which he signed in the law on July 4. This legislation should stop 7500 dollars of tax loan For new electric vehicles and $ 4,000 loan for EVS after September 30.
This year, a linear action decreased on Tuesday on Tuesday on Tuesday on Tuesday.
