Lucid Stock Plunges as Reservations for Cars Drop

Electric-vehicle maker Lucid


turned in respectable third-quarter earnings and stuck with its forecast for vehicle shipments this year, but the stock was dropping. Reservations were the issue.

Lucid


(ticker: LCID) reported Tuesday a per-share loss of 40 cents on sales of $195 million. Wall Street was looking for a loss of 31 cents on sales of $209 million, but the bottom line and sales don’t matter much at this point.