What's Going On With Lucid Group Stock Today?
Portfolio Pulse from Nabaparna Bhattacharya
Lucid Group, Inc. (NASDAQ:LCID) shares are trading slightly higher today. The company has entered a non-binding supply agreement with Graphite One Inc. (OTC:GPHOF) for advanced graphite materials, aiming to establish a domestic U.S. supply chain. Lucid's stock has lost over 52% in the past year. Investors can gain exposure to Lucid via IShares Self-Driving EV And Tech ETFs (NYSE:IDRV, NASDAQ:RNEW).
July 25, 2024 | 1:39 pm
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POSITIVE IMPACT
Investors can gain exposure to Lucid Group through the IShares Self-Driving EV And Tech ETF (NYSE:IDRV). The ETF may see a slight positive impact due to Lucid's new supply agreement, which could enhance Lucid's production capabilities.
The IShares Self-Driving EV And Tech ETF holds Lucid Group shares. Positive developments for Lucid, such as the new supply agreement, could have a favorable impact on the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Lucid Group shares are trading slightly higher today following the announcement of a non-binding supply agreement with Graphite One for advanced graphite materials. This partnership aims to establish a domestic U.S. supply chain, which could enhance Lucid's production capabilities and cost efficiency.
The supply agreement with Graphite One is a strategic move to secure a domestic supply chain for critical materials, which could improve production efficiency and reduce costs. This positive development is likely to boost investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Lucid Group through the IShares Self-Driving EV And Tech ETF (NASDAQ:RNEW). The ETF may see a slight positive impact due to Lucid's new supply agreement, which could enhance Lucid's production capabilities.
The IShares Self-Driving EV And Tech ETF holds Lucid Group shares. Positive developments for Lucid, such as the new supply agreement, could have a favorable impact on the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50