Lucid Group (LCID) Stock Down As Q3 Revenue Misses, Key Engineer Departs
1. Lucid missed Q3 earnings expectations with a loss of $2.65 per share. 2. Revenue was below forecasts at $336.6 million for the quarter. 3. Leadership changes aim to accelerate growth amid negative investor sentiment. 4. Lucid has a strong liquidity position of $5.5 billion despite poor performance. 5. Stock closed down 3.79% following the earnings report and recent organizational shakeup.