Lucid's stock rallies as luxury EV maker narrows its loss

Dow Jones

2025/02/26

MW Lucid's stock rallies as luxury EV maker narrows its loss

By Claudia Assis

Lucid also announces CEO transition

Shares of Lucid Group Inc. shot up 6% in after-hours trading Tuesday after the luxury EV maker narrowed its quarterly loss and announced a CEO change.

Lucid (LCID) said it produced 3,386 vehicles in the fourth quarter and 9,029 vehicles in 2024, in line with its 2024 guidance of 9,000 vehicles.

Fourth-quarter revenue hit $234.5 million, ahead of FactSet consensus for $214.1 million. The company's adjusted net loss for the quarter came in at 22 cents a share, versus expectations of a loss of 25 cents a share.

Lucid said that it appointed Chief Operating Officer Marc Winterhoff as its interim chief executive, and CEO Peter Rawlinson will serve as a technical advisor to the board chair, stepping aside as top executive.

This is a developing story, and it will be updated.

-Claudia Assis

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

February 25, 2025 16:18 ET (21:18 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 25, 2025 16:18 ET (21:18 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4596","symbol_name":"哈里斯概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514044365","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514044365","pubTimestamp":1740518280,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Lucid Group Inc. shot up 6% in after-hours trading Tuesday after the luxury EV maker narrowed its quarterly loss and announced a CEO change.Lucid   said it produced 3,386 vehicles in the fourth quarter and 9,029 vehicles in 2024, in line with its 2024 guidance of 9,000 vehicles.Fourth-quarter revenue hit $234.5 million, ahead of FactSet consensus for $214.1 million. 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