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

Elon Musk, CEO of Tesla Inc, has criticized the compensation of General Motors Co. CEO Mary Barra, suggesting it should be proportionate to success. This follows a similar comment about Lucid Group Inc. CEO Peter Rawlinson's salary. Musk's comments were in response to a social media user who claimed Barra has created no value for GM's shareholders. GM's shares have dropped 3.7% year-to-date. Musk, who took no salary in 2022, holds shares in Tesla and options that grant him the right to purchase more at a fraction of the price if the company hits particular financial targets.

Portfolio Pulse from Anan Ashraf

September 23, 2023 | 6:45 am

U.S. stocks experienced a downturn with the Dow Jones dropping around 370 points. The NASDAQ and S&P 500 also faced declines. The top stocks that gained attention were Lucid Group, Amazon, Teladoc Health, SoFi Technologies, and Tesla. Lucid's shares traded lower due to the ongoing UAW strike against major automakers. Amazon's shares saw a decline due to concerns about future rate hikes and the impact of jobless claims data. Teladoc's stock performance declined, but recent options activity indicates a bullish sentiment. SoFi Technologies' shares traded at a decline due to concerns about future rate hikes. Tesla's shares experienced a decline due to a pause in production at Tesla’s Giga Texas factory.

Portfolio Pulse from Benzinga Neuro

September 22, 2023 | 2:21 am

EV stocks are trading lower due to overall market weakness following a rise in Treasury yields after the FOMC statement. The lower-than-expected weekly initial jobless claims data could potentially encourage more rate hikes.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 6:48 pm

Lucid Group, Inc. (NASDAQ:LCID) shares are trading lower, with a nearly 12% drop over the last five days. The United Auto Workers (UAW) strike against the Big Three automakers, Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM) and Stellantis (NYSE:STLA) continues, which some believe could benefit smaller, non-traditional automakers like Lucid. LCID is one of the top trending tickers on Yahoo! Finance and 17.41% of available shares are being sold short.

Portfolio Pulse from Erica Kollmann

September 21, 2023 | 3:04 pm

The article reports on the options activity of 10 consumer discretionary stocks. The stocks mentioned are Tesla (TSLA), NIO (NIO), Rivian (RIVN), Li Auto (LI), WW International (WW), Lucid Group (LCID), General Motors (GM), Peloton (PTON), V.F. Corporation (VFS), and Airbnb (ABNB). The article provides detailed information about the options trades, including the type of trade, sentiment, expiration date, strike price, total trade price, open interest, and volume.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 5:35 pm

A new survey from S&P Global reveals that Tesla Inc (NASDAQ:TSLA) has a high customer loyalty rate, with 59.9% of Model S owners and 72.8% of Model 3 owners buying another Tesla vehicle. However, some Tesla owners are moving on to other brands, with the most popular choices being Lucid Air from Lucid Group Inc (NASDAQ:LCID), Rivian R1T from Rivian Automotive Inc (NASDAQ:RIVN), and Mercedes-Benz EQS from Mercedes-Benz ADR (OTC:MBGYY). The upcoming release of Tesla's Cybertruck could potentially increase its customer loyalty.

Portfolio Pulse from Chris Katje

September 19, 2023 | 5:12 pm

Over the past 3 months, 10 analysts have published their opinion on Lucid Gr (NASDAQ:LCID) stock. The average price target is $7.15, implying an upside from the current price of $5.5978. The current average represents a 3.12% decrease from the previous average price target of $7.38.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 2:00 pm

RBC Capital analyst Tom Narayan has reiterated a 'Sector Perform' rating on Lucid Group (NASDAQ:LCID) and maintained a price target of $6.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:58 pm

Lucid Group's electric drive system has been praised by automotive engineer and tear-down expert Sandy Munro, who stated that it is the only system he has seen that can beat Tesla's drive motor. Despite facing challenges in ramping up production and selling its high-end EVs in a tough economic climate, Lucid has managed to keep operations going with the help of its Saudi promoters. The company's shares ended Monday's session down 4.73% at $5.64.

Portfolio Pulse from Shanthi Rexaline

September 19, 2023 | 7:55 am

Tesla Inc is reportedly in early talks with Saudi Arabia about setting up a new manufacturing facility in the country. The deal could be complicated due to Saudi Arabia's existing partnership with Lucid Group Inc, in which the Saudi Public Investment Fund holds a majority stake. A potential deal could help Tesla ramp up production and secure increased access to metals and minerals needed for EV manufacturing.

Portfolio Pulse from Adam Eckert

September 18, 2023 | 12:55 pm

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