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 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

Cantor Fitzgerald analyst Andres Sheppard has reiterated a Neutral rating on Lucid Group (NASDAQ:LCID) and maintained a $4 price target.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 4:59 pm

The article discusses the latest developments in the electric vehicle (EV) sector, highlighting Tesla's market share erosion, Lucid's technological advancements, Rivian's production halt, and recalls by Ford and GM. It also mentions Canoo's financial performance and the performance of various EV stocks over the week.

Portfolio Pulse from Shanthi Rexaline

August 17, 2024 | 12:30 pm

Lucid Group Inc (NASDAQ:LCID) has been analyzed by 7 analysts in the last quarter, showing a range of sentiments from indifferent to somewhat bearish. The average 12-month price target is $3.71, with a high of $4.00 and a low of $3.00. Recent ratings include 'Sector Perform' and 'Neutral' with price targets mostly unchanged. Lucid Gr has shown significant revenue growth but struggles with profitability and returns.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 4:00 pm

RBC Capital analyst Tom Narayan has reiterated a Sector Perform rating on Lucid Group (NASDAQ:LCID) and maintained a $3 price target.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 3:39 pm

Lucid Group CEO Peter Rawlinson claims that Lucid's EV technology is significantly ahead of Tesla's, particularly in battery efficiency and range capacity. Rawlinson's comments could intensify the competition between Lucid and Tesla. Despite Lucid's technological advancements, the company faces financial challenges and has not met its vehicle sales forecasts. Tesla remains a strong competitor with some Model 3 versions showing high efficiency. Lucid's technology could lead to potential partnerships, such as with Hyundai and Aston Martin.

Portfolio Pulse from Chris Katje

August 15, 2024 | 7:59 pm

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