Lucid Group: Add To Your Watchlist After Recent Sharp Drop (Upgrade)
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Lucid Group's stock fell over 10% following CEO Peter Rawlinson's departure, despite strong Q4 results with a 79% increase in vehicle deliveries and a 49% revenue jump. The company has a positive outlook for FY25, driven by strong orders for its new SUV and potential battery technology licensing.
February 27, 2025 | 5:45 pm
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Lucid Group's stock experienced a significant drop of over 10% due to the CEO's departure, despite strong Q4 performance. The company's future outlook remains positive with strong SUV orders and potential battery tech licensing.
The stock drop is primarily due to the CEO's departure, which raises concerns about future development. However, the strong Q4 results and positive outlook for FY25, along with potential battery technology licensing, provide a balanced view, making the short-term impact neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100