What's Going On With Lucid Stock Ahead Of Q2 Results?

Shares of Lucid Group, Inc. LCID rose in premarket trading on Monday.

The luxury EV maker dropped the prices of three trims of its Lucid Air EV over the weekend. 

While lowering the prices by a range of $10,500 to $12,400, Lucid also said, through Aug. 31, exclusive lease and financing offers are available from Lucid Financial Services for 2023 Lucid Air Pure AWD and currently available Touring and Grand Touring models.

The price reductions followed an underwhelming delivery update from the company in mid-July.

Lucid is also scheduled to report its second-quarter results Monday after the close of trading. The average Street number calls for a loss of $0.33 per share on revenue of $175.01 million, up 79.80% from a year ago.

In premarket trading, Lucid shares rose 0.45% to $6.65, according to Benzinga Pro data. 

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