Investors in Lucid Group saw a slide in stock despite record first-quarter deliveries of 3,109 vehicles, raising $1 billion in convertible debt, and weaker revenue guidance for the quarter. Concerns over the impact of President Trump’s tariffs on the supply chain and recent management transition also added to the stock’s decline. However, investors are advised not to panic as upcoming earnings reports and the launch of the Gravity SUV could boost deliveries and revenue.
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Why European Wax Center Stock Crushed the Market on Wednesday
On Wednesday, European Wax Center's (NASDAQ: EWCZ) stock surged 21% following positive quarterly results, significantly outperforming the S&P 500's 0.1% increase. The company reported first-quarter revenue of $51.4 million, supported by a 1% rise in net new stores, totaling 1,062, although this figure represented a slight year-over-year decline of 0.9%. Notably, the revenue exceeded the consensus estimate of $49.4 million, contributing to the stock's impressive gain. Full Article
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