Lucid misses revenue estimates on SUV supplier issues
Lucid reported first-quarter revenue of 282.5 million dollars, missing estimates by 36 percent. A supplier issue slowed SUV deliveries but is now resolved.
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LUCID GROUP INC reported first-quarter revenue of $282.5 million, missing analyst estimates by 36% after supplier issues slowed SUV deliveries. This represents the largest revenue miss for the United States-based automaker in more than four years. Investors are weighing the production recovery against a $1.13 billion net loss as the firm scales its Gravity SUV lineup.
