Lucid’s cost cuts and promo deadlines shift focus to LCID’s next delivery numbers
Lucid Group, Inc. heads into Monday with investors focused on two things: the updated cost-cutting plan now stacks up versus the equity market cap, and the company is up against a June 30 deadline for its latest sales push. The stock last traded at $5.92, up 82 cents from its previous close, and the company’s market cap stands at about $1.94 billion. Tesla Inc. changed hands at $379.71, while Rivian Automotive Inc. was at $15.63. That leaves Lucid with the thinnest equity buffer of the three U.S.-listed EV companies mentioned.