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

Amazon.com Inc (NASDAQ:AMZN) now owns the distribution rights to the James Bond franchise after acquiring MGM. Lucid Group (NASDAQ:LCID) CEO Peter Rawlinson hinted at a partnership with Aston Martin to supply electric powertrain technology for an electric vehicle that may be featured in the next Bond movie. This could boost Amazon's media efforts and Lucid's brand visibility. Tesla Inc (NASDAQ:TSLA) CEO Elon Musk, who owns a vehicle from a Bond film, has also been mentioned in relation to the Cybertruck's design inspiration.

Portfolio Pulse from Chris Katje

January 29, 2024 | 7:56 pm

Shares of electric vehicle (EV) stocks are experiencing an uptick following a report by CleanTechnica that indicated a 29% increase in Q4 sales of pure electric vehicles.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 7:54 pm

Panbela Therapeutics, Inc. (NASDAQ:PBLA) shares plummeted by 65.5% to $1.47 after announcing a public offering priced at approximately $9 million. Other stocks experienced significant movements in Monday's mid-day session, with various companies showing notable gains and losses. Gainers included Palisade Bio, Inc. (NASDAQ:PALI), OneMedNet Corporation (NASDAQ:ONMD), and Revelation Biosciences, Inc. (NASDAQ:REVB), among others. Losers featured SMX (Security Matters) Public Limited Company (NYSE:SMX), Inspire Veterinary Partners, Inc. (NASDAQ:IVP), and Bullfrog AI Holdings, Inc. (NASDAQ:BFRG), among others.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 7:09 pm

US stocks saw modest gains on Monday, with the S&P 500 and Nasdaq 100 up slightly, while the Dow Jones was steady. Tesla rebounded 2.4%, SoFi surged over 17% on strong Q4 results, and Lucid jumped 20% on James Bond film rumors. Treasury yields dipped, boosting TLT. Gold prices rose, benefiting GLD, while crude oil prices fell. Major earnings reports and the Federal Reserve meeting are anticipated this week.

Portfolio Pulse from Piero Cingari

January 29, 2024 | 6:57 pm

Lucid Group, Inc. (NASDAQ:LCID) shares are experiencing a significant increase on heavy trading volume, despite a 25% decline over the past month. The movement comes ahead of Lucid's Q4 financial results expected on Feb. 21, with an anticipated loss of 29 cents per share and revenue of $179.881 million. The stock's activity may also be influenced by a high short interest of 21.97% and a recent partnership between Lucid's majority owner, Saudi Arabia's Public Investment Fund, and Formula E. Meanwhile, Tesla, Inc. (NASDAQ:TSLA) reported Q4 earnings below analyst estimates, affecting other EV stocks.

Portfolio Pulse from Erica Kollmann

January 29, 2024 | 5:34 pm

SoFi Technologies, Inc. reported Q4 earnings with revenue and EPS beating consensus estimates, causing its shares to rise 20%. Other stocks also moved higher, including Cardlytics after a settlement agreement and updated Q4 results, and McGrath RentCorp following an acquisition agreement with WillScot Mobile Mini. Various companies experienced stock gains due to upgrades, positive preliminary results, and recent earnings reports.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 3:31 pm

Lucid shares are trading lower, potentially due to negative sentiment in the EV sector following Tesla's worse-than-expected Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 5:11 pm

Shares of Lucid Group Inc (LCID) and Rivian Automotive Inc (RIVN) are trading lower, likely due to Tesla's weak quarterly results which missed analyst estimates and provided a weak outlook for 2024. Tesla's results have raised concerns about the EV industry's current state. Lucid and Rivian are set to report their Q4 financial results in February, with analysts expecting losses for both companies.

Portfolio Pulse from Adam Eckert

January 25, 2024 | 2:35 pm

Electric vehicle stocks Rivian (RIVN), Lucid (LCID), and Fisker (FSR) are trading lower in the premarket following Tesla's (TSLA) earnings and revenue miss. Tesla's Q4 adjusted EPS was $0.71, below the $0.74 consensus, with revenue at $25.17 billion versus the expected $25.58 billion. Tesla's CFO mentioned a focus on launching a next-generation vehicle, implying lower volume growth in 2024. Rivian faces a Deutsche Bank downgrade due to slow production ramp-up, while Lucid struggles with weak production and delivery figures. Both Rivian and Lucid are set to report quarterly results on Feb. 21.

Portfolio Pulse from Shanthi Rexaline

January 25, 2024 | 10:41 am

BlackBerry Limited's stock (NYSE:BB) fell by over 17% after announcing a proposed private offering of $160 million in convertible senior notes. Other stocks experienced significant movement in Wednesday's mid-day session, with notable gainers including Getaround, Inc. (NYSE:GETR), Evaxion Biotech A/S (NASDAQ:EVAX), and SciSparc Ltd. (NASDAQ:SPRC), among others. Losers included Richtech Robotics Inc. (NASDAQ:RR), Rail Vision Ltd. (NASDAQ:RVSN), and Gamer Pakistan Inc. (NASDAQ:GPAK).

Portfolio Pulse from Avi Kapoor

January 24, 2024 | 6:05 pm

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