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

Lucid Group Inc has launched the new Lucid Air Pure Rear Wheel Drive (RWD), priced at $77,400, to make its lineup cheaper. This is in the same price range as Tesla Inc's Model S dual motor all-wheel drive (AWD), which is priced lower at $74,990. The new Lucid vehicle has a power of 430 horsepower and can accelerate from 0-60 miles per hour in 4.5 seconds, with an estimated range of 410 miles. However, it falls short of the Model S, which can reach 60 miles per hour in 3.1 seconds, but has a slightly lower range of 405 miles.

Portfolio Pulse from Anan Ashraf

October 06, 2023 | 5:33 am

The article reports on the unusual options activity in the Consumer Discretionary sector. It mentions 10 US-listed companies: Tesla (TSLA), General Motors (GM), Rivian (RIVN), Lucid Group (LCID), Carvana (CVNA), Overstock.com (OSTK), Ford (F), Airbnb (ABNB), Caesars Entertainment (CZR), and DoorDash (DASH). The article provides details on the type of options (put/call), sentiment (bearish/bullish), expiration date, strike price, total trade price, open interest, and volume for each company.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 5:35 pm

Lucid Group has announced the launch of the Lucid Air Pure RWD with a starting price of $77,400. This news has led to a decrease in the company's share price.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 3:12 pm

Lucid has introduced a new model, the Air Pure Rear-Wheel Drive (RWD), priced at $77,400. The vehicle boasts a range of 410 miles, more than any other electric car except other Lucid models. The company's proprietary technology allows for faster charging, adding up to 150 miles in less than 12 minutes with DC fast charging.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:03 pm

The US stock market is expected to open slightly lower on Thursday, following a recovery on Wednesday. The dollar and crude oil are surging in tandem, which could impact economies, industries, and consumers. This could challenge corporate profits, especially for US exporters and multinationals, as higher oil prices increase costs and a stronger dollar makes their products less competitive. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) edged down 0.07% and the Invesco QQQ ETF (NASDAQ:QQQ) edged up 0.01%. Stocks in focus include Sirius XM Holdings Inc. (NASDAQ:SIRI), The Clorox Company (NYSE:CLX), Rivian Automotive, Inc. (NASDAQ:RIVN), Conagra Brands, Inc. (NYSE:CAG), Constellation Brands, Inc. (NYSE:STZ), and Levi Strauss & Co. (NYSE:LEVI).

Portfolio Pulse from Shanthi Rexaline

October 05, 2023 | 11:16 am

Rivian Automotive, Inc. (NASDAQ:RIVN) announced a $1.5 billion green convertible senior notes offering, causing its stock to drop by 8% in after-hours trading. The proceeds will be used to finance, refinance, and invest in new or recently completed projects. The company also released its Q3 preliminary results, with revenues falling in line with expectations. Rivian expects its cash, cash equivalents, and short-term investments to stand at $9.1 billion at the end of Q3.

Portfolio Pulse from Shanthi Rexaline

October 05, 2023 | 6:37 am

The article reports on the options activity of 10 consumer discretionary stocks. The stocks mentioned are Tesla (TSLA), DraftKings (DKNG), Carvana (CVNA), Toyota Motor (TM), KB Home (KBH), Lucid Group (LCID), V.F. Corporation (VFS), Mattel (MAT), Home Depot (HD), and Wayfair (W). The article provides detailed information about the options activity for each stock, including the type of option (put or call), the sentiment (bearish or bullish), the expiration date, the strike price, the total trade price, the open interest, and the volume.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 5:35 pm

Lucid Group Inc. has teased images of its limited production Sapphire vehicles, which are seemingly ready for delivery. The Sapphire vehicles are expected to exceed the performance expectations of the Model S and are priced at $249,000 fully equipped before tax, title, registration, and other fees in the United States. The vehicles can achieve 0-60 mph in 1.89 seconds, 0-100 mph in 3.84 seconds, and the quarter mile in 8.95 seconds. They have a top speed of 205 mph and can deliver both 1,234 hp and an EPA-estimated range of 427 miles on a single charge.

Portfolio Pulse from Anan Ashraf

October 04, 2023 | 8:39 am

The U.S. is seeking to secure electric vehicle (EV) battery mineral deals outside of China, according to a diplomat. This move could potentially impact the supply chains of several EV manufacturers.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 5:42 pm

The week ending on Sept. 29 saw mostly positive performance for electric vehicle (EV) stocks, despite a muted broader market. Tesla is preparing for its Q3 deliveries, with estimates adjusted due to production suspensions at its Giga Shanghai and Giga Texas plants. Rivian's CEO dismissed concerns over competition with Tesla's Cybertruck. Lucid Group opened its first international manufacturing plant in Saudi Arabia. Faraday Future's stock plummeted following its proposed stock sale. Nio is rumored to be exploring a partnership with Mercedes-Benz. The KraneShares Electric Vehicles and Future Mobility Index ETF ended the week up 0.73%.

Portfolio Pulse from Shanthi Rexaline

September 30, 2023 | 2:53 pm

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