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, Inc. (NASDAQ:LCID) has announced updates for the 2025 Lucid Air Pure, making it the most efficient and sustainable vehicle with a record 146 MPGe EPA rating and 5.0 miles/kWh of energy. The vehicle features a new infotainment processor and a standard heat pump, priced from $69,900.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 1:05 pm

SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares fell 12.2% after announcing a workforce reduction of 400 employees. Other notable stock movements include Autonomix Medical, Inc. (NASDAQ:AMIX) climbing 148% and Trump Media & Technology Group Corp. (NASDAQ:DJT) rising 32.8% following an attempted assassination of Donald Trump.

Portfolio Pulse from Avi Kapoor

July 15, 2024 | 5:23 pm

Automotive stocks, including Canoo Inc (NASDAQ:GOEV), Lucid Group, Inc (NASDAQ:LCID), Polestar Automotive Holding UK (NASDAQ:PSNY), VinFast Auto (NASDAQ:VFS), and Workhorse Group, Inc (NASDAQ:WKHS), are trading lower due to China's slower-than-expected second-quarter economic growth. The Chinese economy grew by 4.7%, missing the 5.1% forecast, leading to cautious consumer spending and price cuts in various sectors.

Portfolio Pulse from Anusuya Lahiri

July 15, 2024 | 5:16 pm

The article discusses a volatile week for EV stocks, focusing on Tesla (TSLA) and Rivian (RIVN). Tesla's stock experienced a roller coaster ride, initially rising 9% before dropping due to a postponed robo-taxi demo, and then partially recovering. Rivian saw an 8.05% spike on Friday. The author had bullish positions on both Tesla and Rivian, and turned tactically bearish on Tesla mid-week. The author also took profits on Rivian's January $15 strike calls.

Portfolio Pulse from David Pinsen

July 15, 2024 | 4:42 pm

Lucid Group Inc (NASDAQ:LCID) shares are trading lower after Cantor Fitzgerald reiterated an Underweight rating with a $4 price target ahead of Lucid's earnings report. Lucid has struggled to meet analyst estimates in recent quarters. Tesla's (NASDAQ:TSLA) EV market share also fell in the second quarter.

Portfolio Pulse from Adam Eckert

July 15, 2024 | 4:36 pm

Elon Musk posted on X about an important design change to the front of a product and mentioned that extra time will allow showcasing a few other things.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 4:19 pm

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

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 2:47 pm

The article highlights key events in the electric vehicle (EV) sector for the week ending July 5, with notable advancements for Tesla, Rivian, Canoo, Ford, and Nio. Tesla's stock surged due to better-than-expected deliveries, while Rivian exceeded its delivery forecast. Canoo secured new orders, and Ford reported strong Q2 EV sales. Nio's CFO announced his departure.

Portfolio Pulse from Shanthi Rexaline

July 06, 2024 | 3:13 pm

Lucid Group, Inc. (NASDAQ:LCID) saw its shares rise by 7.27% on Wednesday, driven by positive market sentiment following Tesla's stronger-than-expected second-quarter delivery numbers and Lucid's resolution of a trademark dispute with Gravity Inc. Tesla's performance has sparked a rally in several EV stocks.

Portfolio Pulse from Vaishali Prayag

July 05, 2024 | 2:59 pm

The S&P 500 and Nasdaq 100 indices reached record highs as investors anticipate rate cuts following weak services sector data. Nvidia and semiconductor stocks rebounded, gold miners surged, and Treasury yields fell. However, the crypto market declined, and some healthcare stocks dropped due to negative study results.

Portfolio Pulse from Piero Cingari

July 03, 2024 | 5:04 pm

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