Watching Lucid Group; Shares Moving Higher After Company Updates App To Allow Users To Control Their Lucid From An Alexa Echo Device
Portfolio Pulse from Benzinga Newsdesk
Lucid Group shares are moving higher after the company updated its app to allow users to control their Lucid vehicles from an Amazon Alexa Echo device.
June 16, 2023 | 2:28 pm
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POSITIVE IMPACT
Lucid Group's app update integrating Amazon Alexa Echo devices may increase the usage of Alexa and strengthen Amazon's position in the smart home market.
As Lucid Group's app update allows users to control their vehicles through Amazon Alexa Echo devices, it may lead to increased usage of Alexa and strengthen Amazon's position in the smart home market. However, the impact on AMZN's stock price may be limited due to the company's diverse business segments.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 20
POSITIVE IMPACT
Lucid Group's app update allowing control of vehicles through Amazon Alexa Echo devices may boost customer interest and sales.
The app update allows Lucid Group customers to control their vehicles using Amazon Alexa Echo devices, which may increase the convenience and appeal of Lucid vehicles. This could lead to increased customer interest and potentially higher sales, positively impacting LCID's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80