From Yahoo Finance: 2025-05-09 19:56:00

On Friday, Lucid Group Inc. (LCID) soared by 8.66% to $2.51 per share, driven by expansion plans despite mixed Q1 earnings. The company aims to produce 20,000 vehicles per year, doubling last year’s deliveries. Q1 saw 3,109 units delivered, generating $235 million in revenue. CEO Marc Winterhoff remains optimistic about Lucid’s trajectory.

Despite a 6.7% increase in net loss to $731 million, Lucid Group Inc. (LCID) saw a 36% revenue growth to $235 million in Q1. LCID ranks 10th among Friday’s best-performing stocks. While LCID shows promise, AI stocks may offer higher returns in a shorter time frame. Consider exploring cheaper AI stock options for potential investments.



Read more at Yahoo Finance: Why Lucid Group Inc. (LCID) Soared On Friday