Lucid Motors Is Raising Its EV Prices. What That Means for LCID Stock.

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Lucid Motors Is Raising Its EV Prices. What That Means for LCID Stock.

InvestorPlace2022-05-07

Lucid(NASDAQ:LCID) stock is in the spotlight after the company reportedQ1 earnings and raised prices for its Lucid Air model. The luxury electric vehicle (EV) maker posted revenue of $57.7 million on ...

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Comment（103）

vic78
·2022-05-09
👍👍
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angellene
·2022-05-08
[smile]
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2
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patrickLai
·2022-05-08
💰💵💰💵
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Jazling
·2022-05-08
Wow
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1
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Jameslim29
·2022-05-08
👌
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Jameslim29
·2022-05-08
👌
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ToTheM00N
·2022-05-08
Ok
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PBL77
·2022-05-08
Good
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hohok
·2022-05-08
Ok
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2
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EY12
·2022-05-08
Like
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2
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Mic6226
·2022-05-08
Good
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1
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Will.I.AM
·2022-05-08
Nice Stock
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DMan
·2022-05-08
They need to become profitable eventually
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Victorhc88
·2022-05-08
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cheekeong
·2022-05-08
ok
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RyanTay84
·2022-05-08
Thx
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Huatahhuat
·2022-05-08
Oh
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Dragonbody
·2022-05-08
[What] [What]
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CHOOTC
·2022-05-08
Ok
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CHOOTC
·2022-05-08
Ok
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What That Means for LCID Stock.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-07 11:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/05/lucid-motors-is-raising-its-ev-prices-what-that-means-for-lcid-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Lucid(NASDAQ:LCID) stock is in the spotlight after the company reportedQ1 earnings and raised prices for its Lucid Air model. The luxury electric vehicle (EV) maker posted revenue of $57.7 million on ...</p>\n\n<a href=\"https://investorplace.com/2022/05/lucid-motors-is-raising-its-ev-prices-what-that-means-for-lcid-stock/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LCID","symbol_name":"Lucid Group Inc","start_time":0,"source_url":"https://investorplace.com/2022/05/lucid-motors-is-raising-its-ev-prices-what-that-means-for-lcid-stock/","article_id":"1188796246","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1188796246","pubTimestamp":1651893257,"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Lucid(NASDAQ:LCID) stock is in the spotlight after the company reportedQ1 earnings and raised prices","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LCID":"Lucid Group Inc"},"translate_title":"Lucid Motors正在提高其电动汽车价格。这对LCID股票意味着什么。","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LCID":0.9},"content_text":"Lucid(NASDAQ:LCID) stock is in the spotlight after the company reportedQ1 earnings and raised prices for its Lucid Air model. The luxury electric vehicle (EV) maker posted revenue of $57.7 million on top of a net loss of $81.3 million. The net loss equates to a loss of 5 cents per share. On top of that, the company ended the quarter with nearly $5.4 billion of cash on hand.Lucid’s revenue was primarily driven by it delivering 360 EVs during Q1. In addition, Lucid disclosed that it currently has over 30,000 EV reservations, which reflect potential sales of $2.9 billion. This reservation figure does not include the up-to-100,000-vehicle order from Saudi Arabia. Saudi Arabia has agreed to buy at least 50,000 vehicles, with the option to buy 50,000 more, over the next 10 years. Deliveries for the order will begin next year.With that in mind, let’s jump into the details of Lucid’s earnings and price raises.LCID Stock: Lucid Raises Prices for the Air ModelsDepending on the trim level, prices for the Lucid Air will increase by 10% to 12%, effective June 1. 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