Streetbeat News

LCID

Lucid Group, Inc.

https://www.lucidmotors.com

Industry

Auto - Manufacturers

Lucid Group, Inc. a technology and automotive company, develops electric vehicle (EV) technologies. The company designs, engineers, and builds electric vehicles, EV powertrains, and battery systems. As of December 31, 2021, it operates twenty retail studios in the United States. Lucid Group, Inc. was founded in 2007 and is headquartered in Newark, California.

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Lucid Group Inc (NASDAQ:LCID) shares have risen by 33% to $4.18 over the past five sessions, driven by market optimism following Fed Chair Powell's comments on potential interest rate cuts. Lower rates could benefit Lucid by reducing financing costs and boosting consumer spending on EVs.

Portfolio Pulse from Henry Khederian

August 26, 2024 | 1:28 pm

Canada's Prime Minister Trudeau has announced a 100% tariff on Chinese electric vehicle imports and a 25% tariff on Chinese aluminum and steel. This move could impact companies involved in the production and import of these goods.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:39 pm

Lucid Group, GDS Holdings, and Amer Sports were among the top mid-cap stock gainers last week. Lucid's shares rose due to new leasing options in Canada and positive economic sentiment. GDS Holdings and Amer Sports saw gains from strong financial results.

Portfolio Pulse from Lekha Gupta

August 25, 2024 | 8:45 pm

The EV sector saw mixed developments this week. Tesla received a tariff cut in Europe but lost its BEV crown to BMW. Lucid claimed tech leadership over Tesla, while Ford scaled back its EV plans. Workhorse reported poor earnings, and Canoo faced executive departures. The KraneShares EV ETF rose 3.44% for the week.

Portfolio Pulse from Shanthi Rexaline

August 24, 2024 | 2:00 pm

Shares of electric vehicle (EV) companies are experiencing an uptick due to positive market sentiment following comments from Fed Chair Powell regarding the economy and potential future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 5:10 pm

Lucid Group is launching three affordable electric vehicles, including the Lucid Gravity SUV, to compete with Tesla's Model Y and Model 3. This move aims to close the gap with Tesla in the EV market. Lucid's recent financials and a $1.5 billion financing commitment from the Saudi Investment Fund provide a cushion for these new releases.

Portfolio Pulse from Chris Katje

August 22, 2024 | 8:51 pm

The article highlights unusual options activity for 10 consumer discretionary stocks, providing insights into potential trading opportunities. It details the type of options, sentiment, expiration dates, and trade volumes for each stock.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 5:35 pm

Lucid Group, Inc. (NASDAQ:LCID) shares traded slightly lower as the company announced new leasing options in Canada for its Lucid Air vehicle. This move aims to provide flexible financing for Canadian customers. Despite this, LCID stock has lost over 48% in the past year. Investors can also gain exposure through ETFs like iShares Self-Driving EV and Tech ETF (NYSE:IDRV) and VanEck Green Infrastructure ETF (NASDAQ:RNEW).

Portfolio Pulse from Nabaparna Bhattacharya

August 20, 2024 | 3:15 pm

Lucid Group has introduced leasing options for its Lucid Air model in Canada, providing flexible and competitive financing through Lucid Financial Services.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 1:03 pm

Donald Trump is considering ending the $7,500 electric vehicle (EV) tax credit and potentially appointing Elon Musk to a cabinet or advisory role if he is elected. This could impact the EV market and companies like Tesla.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 8:42 pm

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