Lucid Tunes Into Luxury: Offers SiriusXM Entertainment On All Lucid Air Models In Canada
Portfolio Pulse from Nabaparna Bhattacharya
Sirius XM Holdings Inc (SIRI) and Lucid Group, Inc. (LCID) have announced that SiriusXM Canada's audio-streaming service is now available to all new Canadian Lucid Air owners. The service will be offered as an optional subscription across the Lucid Air lineup, with a three-month trial included. Lucid Air models include the Lucid Sapphire, Grand Touring, Touring, and Pure. SiriusXM's service features ad-free, expertly curated music channels and personalized recommendations. Lucid's SVP of Digital, Michael Bell, expressed excitement about enhancing the audio experience for Lucid customers. LCID shares saw a 7.64% increase to $4.51.
December 06, 2023 | 5:39 pm
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POSITIVE IMPACT
Lucid Group's stock price increased by 7.64% to $4.51, potentially influenced by the announcement of the SiriusXM partnership and the enhanced entertainment offering for Lucid Air owners in Canada.
The positive stock price movement for Lucid Group may be attributed to the market's favorable reaction to the new partnership with SiriusXM, which could be seen as an enhancement to the luxury features of Lucid Air vehicles. This news could contribute to a continued short-term positive trend for LCID shares.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SiriusXM has partnered with Lucid Group to offer its audio-streaming service to new Lucid Air owners in Canada, potentially increasing its subscriber base.
The partnership with Lucid Group could lead to an increase in SiriusXM's subscriber base, as new Lucid Air owners may choose to continue the service after the trial period. This could have a positive short-term impact on SIRI's stock as it expands its market reach.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70