The company is an electric car manufacturer headquartered in Newark, California. The first deliveries are expected to start in October 2021. The company has a target delivery date of October 30. Its shares are currently trading at around $3.10. The company has a range of different vehicles and aims to sell them in a variety of price ranges.
Lucid’s share price has fallen by 68% this year, largely due to its failure to meet its EV production targets. In August, the company lowered its production target for the year to 6,000-7,000 cars. The company believes that a link exists between positive production numbers and rising share prices. Lucid launches its third-quarter earnings on 8 November.
The company’s website offers investors information about the company, including financial reports and a company description. The annual report also includes supplemental data. Additionally, investors can read analysis articles written about the company. Finally, they can view the company’s stock performance history and analyst ratings. It’s important to understand the financial reports in order to make informed decisions when buying or selling stock.
While Lucid stock is down 20% in the last week and is 77% below its 52-week high, the company has several catalysts that could push the company’s stock higher. In August, it received 37,000 reservations for its Air sedan. The company also recently announced its Sapphire version of its electric car, which is designed to be the most advanced electric vehicle on the planet. As a result, experts are optimistic about the company’s stock.
