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

Shares of EV and charging stocks are trading higher following Tesla's strong delivery figures. Other companies in the sector have also reported delivery and production numbers recently.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 4:03 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 01, 2024 | 3:53 pm

Lucid Group Inc (NASDAQ:LCID) shares are trading higher after the company announced an agreement with Gravity Inc. over the 'Lucid Gravity' trademark dispute. The agreement allows Lucid to use the 'Lucid Gravity' brand without infringing on Gravity's pre-existing trademark.

Portfolio Pulse from Adam Eckert

July 01, 2024 | 12:55 pm

The electric vehicle (EV) sector saw significant developments this week, including Tesla's upcoming Q2 deliveries, Rivian's partnership with Volkswagen, and Nikola's deal with Walmart Canada. Tesla's delivery numbers are anticipated with mixed expectations, Rivian's stock surged on a financing deal, and Nikola delivered its hydrogen fuel-cell trucks to Walmart Canada. Other notable mentions include BYD's new plant in Uzbekistan and Ford's plans for a low-cost EV.

Portfolio Pulse from Shanthi Rexaline

June 29, 2024 | 1:48 pm

Lucid Group has reached an agreement with Gravity Inc. regarding the 'Lucid Gravity' trademark, allowing Lucid to use the name without a trademark dispute. This clears the way for Lucid to proceed with the launch of its Lucid Gravity all-electric SUV.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 8:08 pm

Shares of EV, solar, and clean energy stocks are trading lower, possibly in reaction to Thursday's presidential debate.

Portfolio Pulse from Bill Haddad

June 28, 2024 | 5:27 pm

Lucid Group shares are trading higher in sympathy with Rivian, which gained following a Volkswagen partnership.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 6:45 pm

Volkswagen's $5-billion investment in Rivian has led to a surge in Rivian's stock price. Analysts have mixed ratings on Rivian, with some seeing the investment as a significant positive and others cautioning about potential dilution and competition. The investment is expected to help Rivian scale production and improve its cost position. The news also has potential positive implications for Lucid Group.

Portfolio Pulse from Chris Katje

June 26, 2024 | 3:55 pm

J.D. Power projects June new-vehicle sales to be between 1.27M and 1.34M units. Dealer software outages disrupted sales, but a rapid recovery is expected in July.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:26 pm

Lucid Group Inc (NASDAQ:LCID) shares are trading higher in sympathy with Rivian Automotive Inc (NASDAQ:RIVN), which saw a significant price increase after announcing a $5 billion joint venture with Volkswagen. The partnership aims to develop next-generation software-defined vehicle platforms.

Portfolio Pulse from Adam Eckert

June 26, 2024 | 1:15 pm

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