Shares of Lucid Group <\/strong>(NASDAQ: LCID)<\/span> were trading lower on Tuesday after the company pre-announced first-quarter revenue that missed Wall Street’s expectations.<\/p>\n As of 1 p.m. ET, Lucid’s shares were down about 5% from Monday’s closing price.<\/p>\n Will AI create the world’s first trillionaire?<\/strong>\u00a0Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need.\u00a0Continue \u00bb<\/strong><\/span><\/em><\/p>\n Lucid filed a series of documents on April 14 explaining its latest capital raise, which will bring it just over $1 billion in new money. The raise has several parts, including investments from Uber Technologies <\/strong>(NYSE: UBER)<\/span> and an affiliate of Saudi Arabia’s Public Investment Fund (PIF), as well as a $300 million stock offering.<\/p>\n Much of that had been announced in advance. The news that drove the EV maker<\/span>‘s stock lower was buried on page 7 of one of those filings, where Lucid provided some preliminary first-quarter results. Specifically, Lucid said its revenue for the first quarter fell between $280 million and $284 million.<\/p>\n That’s quite a bit below Wall Street’s consensus estimate of $433.8 billion, and it’s almost certainly why the stock was trading lower on Tuesday.<\/p>\n Lucid also disclosed that it will report a first-quarter operating loss between $985 million and just over $1 billion. For context, that roughly matches Lucid’s operating loss of $1.06 billion last quarter, but it’s much wider than the $692 million Lucid lost in the first quarter of last year.<\/p>\n What happened? It isn’t yet clear. We do know that Lucid produced 5,500 vehicles in the first quarter but delivered only 3,093. It’s possible that Lucid expected to deliver more of those vehicles before the end of the quarter, but either didn’t make the deadline or didn’t have enough sales to support those deliveries.<\/p>\n We’ll get the whole story when Lucid reports its full first-quarter results on May 5.<\/p>\n Before you buy stock in Lucid Group, consider this:<\/p>\n The Motley Fool Stock Advisor<\/em> analyst team just identified what they believe are the\u00a010 best stocks<\/strong> for investors to buy now\u2026 and Lucid Group wasn\u2019t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.<\/p>\n Consider when Netflix<\/strong> made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation,\u00a0you\u2019d have $556,335<\/strong>!* Or when Nvidia<\/strong> made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you\u2019d have $1,160,572<\/strong>!*<\/p>\n<\/p><\/div>\n<\/div>\n<\/div>