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EV Maker Lucid Expects to Raise $1.67 Billion From Stock Sale
(Reuters) - Cash-strapped electric vehicle maker Lucid said on Thursday a public offering of more than 262 million shares would likely fetch it $1.67 billion in proceeds.
Lucid Stock Tumbles 18%. EV Maker Plans Huge Share Sale, Sees Wider Losses.
Lucid stock fell sharply Thursday after the electric-vehicle manufacturer said it planned a substantial public offering and projected wider-than-expected losses for the third quarter.Shares plummeted 18% to $2.
EV-maker Lucid Group's shares drop following operational losses
California-based Lucid Group's shares price dropped by 10% during after-hours trading Wednesday after announcing larger-than-expected operational losses during the third quarter.
Lucid’s stock takes a dive after EV maker warns of larger losses
Shares of Lucid Group Inc. fall 12% in the extended session Wednesday after the EV maker called for larger-than-expected operational losses and quarterly revenue that would be slightly ahead of forecast.
Lucid sparks selloff with plan for dilutive new stock sale, Q3 loss expectations
Electric vehicle maker Lucid Group said it anticipates to report a bigger-than-expected loss for the third quarter and announced a public offering of over 262 million shares, sending its shares down 12% in after-market trading on Wednesday.
Lucid Shares Sink on Stock Sale, Loss Warning
Lucid shares dropped after the electric-vehicle maker said it would shore up its finances by issuing new stock and warned of a larger-than-expected loss. The carmaker plans to sell more than 260 million shares in a public offering,
Lucid stock tanking as EV-maker announces share sale ahead of SUV launch
Lucid Motors announced another capital raise via a share sale late Wednesday night as the California-based EV maker seeks further runway ahead of the release of its upcoming EV SUV.
EV maker Lucid expects to raise $1.67 bln from stock sale
Cash-strapped electric luxury sedan maker Lucid said on Thursday a combined public offering and private placement of roughly 637 million shares would likely fetch it $1.67 billion.
18h
on MSN
Why Lucid Motors, Nio, and Li Auto Stocks All Crashed This Week
Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.
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What in the World Happened to Lucid and Rivian Deliveries?
The third quarter of 2024 has brought a reversal, with Lucid deliveries soaring and Rivian slashing its full-year production ...
Electrek
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Lucid chief says despite slower-than-expected EV market, it’s still outpacing luxury rivals
Despite admitting “the market is tough,” Lucid Motor’s (LCID) CEO Peter Rawlinson said the luxury EV maker is outpacing its ...
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on MSN
Why Lucid Group Stock Is Plunging Today
Lucid Group stock is spiraling Thursday after the EV maker said it is selling stock to raise cash. Here's why that's ...
2d
Lucid: Some Respite, But Don't Celebrate Too Early (Rating Upgrade)
Lucid Group, Inc. stock has outperformed since its lows in April 2024, likely stunning bearish investors. Click here to read ...
MotorTrend on MSN
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2024 Mercedes-AMG GT 63 S E First Test: The Plaid/Sapphire EV Antidote
Our quickest-accelerating combustion-powered four-door, the GT 63 S E is a rowdy counterpoint to the railgun EV sedans from ...
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