Why Lucid Stock Crashed After Earnings
Lucid slams the brakes on cash burn -- but is it too late?
Overview
Lucid Group (NASDAQ: LCID) stock tumbled 15% through 10:50 a.m. ET Wednesday after missing on earnings last night.
Heading into the report, analysts already weren't optimistic, predicting Lucid would lose $2.36 per share on $422.3 million in sales. Per-share losses actually totaled $2.78, however, and Lucid managed only $405.3 million in quarterly sales.
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Originally published at www.fool.com.
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