Stock Track | Lucid Group Soars 5.10% as 2024 Earnings Beat Expectations Despite Continued Losses

Stock Track

2025/02/27

Lucid Group Inc (LCID) stock surged 5.10% in intraday trading on Thursday, driven by the company's better-than-expected 2024 full-year earnings report.

While the electric vehicle (EV) startup continued to post significant losses, it exceeded analyst estimates for both revenue and earnings per share (EPS). Specifically, Lucid reported revenue of $807.8 million, up 36% year-over-year, and an EPS loss of $1.25, beating expectations by 18%.

Despite the positive earnings surprise, Lucid's net loss for the year widened to $3.06 billion, up 8.2% from 2023. The company has faced challenges in scaling up production and controlling costs for its luxury EV models, putting pressure on profitability.

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The company has faced challenges in scaling up production and controlling costs for its luxury EV models, putting pressure on profitability.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Lucid Group Soars 5.10% as 2024 Earnings Beat Expectations Despite Continued Losses</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Lucid Group Soars 5.10% as 2024 Earnings Beat Expectations Despite Continued Losses\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time smaller\">2025-02-27 23:28</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Lucid Group Inc (LCID) stock surged 5.10% in intraday trading on Thursday, driven by the company's better-than-expected 2024 full-year earnings report.</p>\n\n<p>While the electric vehicle (EV) startup continued to post significant losses, it exceeded analyst estimates for both revenue and earnings per share (EPS). Specifically, Lucid reported revenue of $807.8 million, up 36% year-over-year, and an EPS loss of $1.25, beating expectations by 18%.</p>\n\n<p>Despite the positive earnings surprise, Lucid's net loss for the year widened to $3.06 billion, up 8.2% from 2023. The company has faced challenges in scaling up production and controlling costs for its luxury EV models, putting pressure on profitability.</p>\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":"","article_id":"1141853303","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1141853303","pubTimestamp":1740670124,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Lucid Group Inc  stock surged 5.10% in intraday trading on Thursday, driven by the company's better-than-expected 2024 full-year earnings report.While the electric vehicle  startup continued to post significant losses, it exceeded analyst estimates for both revenue and earnings per share . Specifically, Lucid reported revenue of $807.8 million, up 36% year-over-year, and an EPS loss of $1.25, beating expectations by 18%.Despite the positive earnings surprise, Lucid's net loss for the year widene","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LCID":"Lucid Group Inc"},"translate_title":"尽管持续亏损，Lucid Group 2024年盈利超出预期，股价仍飙升5.10%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LCID":1},"content_text":"Lucid Group Inc (LCID) stock surged 5.10% in intraday trading on Thursday, driven by the company's better-than-expected 2024 full-year earnings report.\nWhile the electric vehicle (EV) startup continued to post significant losses, it exceeded analyst estimates for both revenue and earnings per share (EPS). 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