Brief: Lucid CFO Says Suspending Prior Guidance
05/05/2026 23:13
May 5 (Reuters) - Lucid Group Inc LCID.O: LUCID EXEC SAYS EXPECT DELIVERY TRAJECTORY TO IMPROVE THROUGH THE YEAR LUCID EXEC SAYS HIGH GAS PRICES COULD LIFT DELIVERIES LUCID CFO SAYS EXPECT TO SEE BENEFITS TO CASH FLOW DRIVEN BY IMPROVEMENTS TO WORKING CAPITAL LUCID CFO SAYS TOOK OVER $200 MILLION IN INVENTORY IMPAIRMENTS IN Q1 LUCID CFO SAYS SUSPENDING PRIOR GUIDANCE LUCID CFO SAYS NEAR TERM DEMAND CONDITIONS REMAIN UNEVEN LUCID CFO SAYS LAUNCHED A COMPANY WIDE PROGRAM TO SHARPEN OPERATIONAL EFFICIENCY, REDUCE COSTS LUCID EXEC SAYS HAD A FEW DELAYS WITH ARRIVAL OF EQUIPMENT IN SAUDI FACTORY DUE TO GEOPOLITICAL CONFLICT, BUT TEAM WAS ABLE TO MITIGATE THAT Further company coverage: LCID.O ((Reuters.Briefs@thomsonreuters.com;))