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.

Open

2.06

Mkt cap

6.1B

Volume

99M

High

2.06

P/E Ratio

-1.51

52-wk high

5.31

Low

1.93

Div yield

N/A

52-wk low

1.93

Lucid is currently facing challenges and is struggling to progress, indicating potential difficulties in the near future.

Portfolio Pulse from

November 14, 2024 | 9:45 am

Lucid Group's stock experienced a significant surge today. The article likely discusses factors contributing to this rise, such as positive news or developments related to the company.

Portfolio Pulse from

November 13, 2024 | 7:00 pm

Lucid stock is experiencing a decline due to investor concerns over President-elect Donald Trump's choice for the EPA head, which may impact environmental regulations and the electric vehicle market.

Portfolio Pulse from

November 12, 2024 | 5:30 pm

Lucid's stock (LCID) has risen 16% from its 52-week low, driven by the anticipated launch of the Gravity SUV, strong delivery growth, and support from Saudi Arabia's Public Investment Fund.

Portfolio Pulse from

November 12, 2024 | 3:45 pm

Lucid Group, Inc. faces significant financial challenges despite its impressive Air Saphire model. The company reported a Q3 loss of nearly $1 billion and a high cash burn rate, leading to concerns about continuous dilution and a 97% stock price decline.

Portfolio Pulse from

November 12, 2024 | 2:30 pm

Lucid's stock is experiencing a rise as its flagship electric vehicle, the Air sedan, is being tested by a police agency.

Portfolio Pulse from

November 11, 2024 | 6:30 pm

Lucid Group, Inc. reported better-than-expected Q3 results but is facing expanding losses. Despite confirming its annual production target, the company's valuation is hard to justify due to significant losses and reliance on capital raises, making it a speculative investment.

Portfolio Pulse from

November 11, 2024 | 6:30 pm

Saudi Arabia's sovereign wealth fund has invested an additional billion dollars in Lucid Group Inc., highlighting significant insider buying activity.

Portfolio Pulse from

November 10, 2024 | 3:00 pm

Lucid's stock fell by 37.4% in October, reaching a 52-week low due to increasing losses and continued share sales to raise capital.

Portfolio Pulse from

November 08, 2024 | 6:15 pm

Lucid and Rivian stocks saw a brief rise, while Tesla's market cap surpassed $1 trillion again. Tesla, despite not being the cheapest EV stock, is profitable.

Portfolio Pulse from

November 08, 2024 | 5:45 pm

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