What's Going On With Lucid Stock Following Tesla's Earnings Report

Lucid Group Inc LCID shares are trading lower by 1.94% to $12.40 Thursday afternoon, potentially amid overall market weakness and following peer EV-maker Tesla's third-quarter earnings report. Tesla shares are lower after the company reported worse-than-expected third-quarter sales results.

So What Happened?

Tesla reported third-quarter revenue of $21.45 billion, up 56% year-over-year. The total came in shy of analyst estimates of $21.96 billion. The company also reported automotive revenue of $18.69 billion in the third quarter, up 55% year-over-year.

In the third quarter, Tesla reported record revenue, free cash flow and operating profits despite what the company called “material headwinds.”...Read More

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According to data from Benzinga Pro, Tesla has a 52-week high of $414.50 and a 52-week low of $202.00.