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

2.20

Mkt cap

5.8B

Volume

70M

High

2.28

P/E Ratio

-1.88

52-wk high

5.31

Low

2.17

Div yield

N/A

52-wk low

2.02

Earnings season is here and brings quarterly updates and financial reports from leading publicly traded companies, including those in the electric vehicle sector. This week features a trio of earnings reports from three leading electric vehicle companies: Fisker Inc (NYSE:FSR), Lucid Group Inc (NASDAQ:LCID), and Rivian Automotive Inc (NASDAQ:RIVN). The reports came after electric vehicle leader Tesla Inc (NASDAQ:TSLA) reported third-quarter revenue and earnings per share that both came in below Street consensus estimates.

Portfolio Pulse from Chris Katje

November 06, 2023 | 11:12 pm

Lucid Group, Inc. (NASDAQ:LCID) shares traded lower after the company announced discounts on its Air sedan due to weak demand for electric vehicles. The company is offering 'Air Credit' discounts in the U.S. and Canada. This is not the first time Lucid has announced price discounts, with a similar announcement made in August.

Portfolio Pulse from Ryan Gustafson

November 06, 2023 | 9:18 pm

Lucid Motors, under the ticker LCID, has announced plans to adopt the North American Charging Standard (NACS), which will allow it access to over 15,000 Tesla Superchargers across North America by 2025. This move could potentially increase the appeal of Lucid's electric vehicles by alleviating range anxiety and providing more charging options for customers.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:15 pm

Lucid Group has reduced the prices of its Air sedan, leading to a decrease in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 5:14 pm

Lucid Group Co. (NASDAQ:LCID) has discounted its electric vehicle prices in the U.S. and Canada, offering 'Air Credit' discounts. The price adjustments come amid a tough industry environment marked by weak demand and aggressive price cuts led by market leader Tesla, Inc. Lucid reported underwhelming deliveries for Q3, missing the consensus estimate. The company is scheduled to announce its Q3 results on Tuesday.

Portfolio Pulse from Shanthi Rexaline

November 05, 2023 | 3:53 pm

Electric vehicle stocks advanced in the week ending Nov. 3, with key events including Tesla's potential unionization, Rivian hiring a Mercedes-Benz veteran, and Nikola's Q3 loss widening due to a battery fire recall. Fisker shares ended lower for the week due to weakness in the EV market and the departure of its CTO. Nio plans to cut 10% of jobs in November. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 4.25% for the week.

Portfolio Pulse from Shanthi Rexaline

November 04, 2023 | 1:09 pm

Lucid Group, Inc. (NASDAQ:LCID) shares are trading higher, despite being down nearly 20% over the last month. The company is set to release its Q3 financial results on Nov. 7. Estimates suggest a loss of 35 cents per share and quarterly revenue of $183.841 million. LCID shares have become popular among retail investors and short-sellers, with 19.08% of available shares being sold short. The stock is gaining on above-average volume.

Portfolio Pulse from Erica Kollmann

November 02, 2023 | 3:54 pm

Lucid Motors (NASDAQ:LCID) is planning to integrate Apple Music and Amazon Music into its luxury electric vehicles (EVs), according to a recent job advertisement. The company is seeking a Senior Product Manager, Media Partner Management, to help with the integration. The move is expected to provide a more seamless user experience for Lucid car owners. Lucid is also set to unveil the Gravity SUV at the LA Auto Show later this month, with production expected to commence towards the end of 2024.

Portfolio Pulse from Benzinga Neuro

November 02, 2023 | 8:38 am

Benzinga's options activity scanner has detected significant options activity in the Consumer Discretionary sector. Notable stocks include Tesla (TSLA), Lucid Group (LCID), Caesars Entertainment (CZR), Tempur Sealy International (TPX), Airbnb (ABNB), Yum China Holdings (YUMC), Starbucks (SBUX), Chewy (CHWY), Carvana (CVNA), and DoorDash (DASH). The activity includes both bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 5:35 pm

Lucid Group Inc (NASDAQ:LCID) has launched a referral program similar to Tesla Inc's (NASDAQ:TSLA) program. The rewards offered by Lucid include a tour of the company’s factory, a sketch of the Lucid Air signed by CEO Peter Rawlinson, and other vehicle or personal accessories. Tesla's rewards are ever-changing and have included factory visits and invites to product launch events. However, Tesla's most high-end vehicle is priced lower than Lucid's.

Portfolio Pulse from Anan Ashraf

October 30, 2023 | 7:23 am

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