Lucid Group Inc on Wednesday forecast 2023 production well short of analysts' expectations and reported a major drop in orders during fourth quarter, sending the electric carmaker's shares down 11% after hours.
The company said it had more than 28,000 orders as of Feb. 21, down 6,000 reservations from the second quarter, after it delivered about 1,900 vehicles and saw cancellations.
"There's a lot more competition than a year ago ... a lot more EVs becoming available at lower price points than the Lucid Air vehicle." Lucid's revenue rose to $257.7 million in the quarter ended Dec. 31 from $26.4 million a year earlier. Analysts on average had expected sales of $302.6 million, according to IBES data from Refinitiv.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Previews, picks for Wednesday’s 2023 boys basketball Group 1, Group 3 quarterfinalsCheck out breakdowns of every game as well as our picks in each contest.
Consulte Mais informação »
Lucid's revenue falls short of estimates as it guides to higher EV production in 2023Lucid built just 7,000 of its Air luxury sedans last year amid manufacturing challenges but expects to make between 10,000 and 14,000 vehicles in 2023.
Consulte Mais informação »
Bitcoin slides below $25,000, and the crypto venture capital outlook for 2023: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Crypto World explores where venture capital money is flowing into the crypto space after the industry meltdown in 2022.
Consulte Mais informação »
Rihanna and More Pregnant Stars Share 2023 Baby Bump PhotosClaire Danes, Blake Lively and more pregnant stars have given glimpses of their baby bumps in 2023 — see pregnancy photos
Consulte Mais informação »