Lucid Group is expanding its service network with new locations in key U.S. cities like Mission Viejo, Los Angeles, Dallas, and Highland Park, as well as in Europe and the Middle East. The company increased technician and service staff by over 40% globally and boosted Mobile Service capacity by 15% in North America, leading to a 20% reduction in overall service wait times in Q3 2026. Additional service centers and authorized repair options are planned to further improve customer experience and accessibility. These efforts support Lucid's goal to match its vehicle quality with a seamless ownership experience.
Lucid Group's market cap stands at $1.42 billion as of Nov 10, 2026, 20:43 WIB, with a daily trading volume of 18,571,628 shares on Pluang. Despite the company's efforts to reduce service wait times by 20% globally in Q3 2026, LCID shares fell 6.39% on the day to USD 3.37. The enterprise value is currently $4.31 billion, reflecting investor valuation amid ongoing operational improvements.
Lucid Group reported third-quarter results below Wall Street expectations, with a loss per share of $2.74 and revenue of $350 million, missing estimates of a $2.28 loss and $407 million revenue. Despite this, adjusted EBITDA loss improved to $726 mil...
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