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News  ›  Benzinga

Lucid Stock Slides On Q3 Earnings As EV Maker Announces Organizational Changes

Benzinga Logo Benzinga By Adam Eckert
Lucid Stock Slides On Q3 Earnings As EV Maker Announces Organizational Changes

Lucid Group reported Q3 revenue of $336.58 million, missing analyst estimates, and delivered 4,078 vehicles. The company announced organizational changes, including leadership shifts and the departure of its senior VP of product and chief engineer.

Insights
EXEL   negative

Their drug Cabometyx was outperformed by Merck's combination therapy in clinical trials


LCID   negative

Missed revenue and earnings estimates, stock price dropped in after-hours trading, leadership changes, and uncertainty around 2025 production forecast