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

RBC Capital analyst Tom Narayan has reiterated a Sector Perform rating for Lucid Group (NASDAQ:LCID) and maintained a price target of $3.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 1:53 pm

The article highlights unusual options activity in the Consumer Discretionary sector, focusing on large trades by 'whales' in companies like LCID, AMZN, BABA, NIO, TPR, W, PTON, CPRI, CZR, and ETSY. These activities can indicate potential trading opportunities.

Portfolio Pulse from Benzinga Insights

September 11, 2024 | 5:35 pm

The stock market experienced a broad sell-off due to mixed inflation data, except for tech stocks, which saw gains. Nvidia and solar stocks like First Solar surged due to political debates and renewable energy optimism. Lithium stocks rose on production disruptions in China, while GameStop and Trump Media faced significant declines.

Portfolio Pulse from Piero Cingari

September 11, 2024 | 5:32 pm

Lucid Group's CEO, Peter Rawlinson, announced that the company is not ready to produce an electric pickup truck to compete with Tesla's Cybertruck, citing challenges in making them cost-effective and with sufficient range. Instead, Lucid is focusing on its upcoming Gravity SUV and a future low-cost SUV crossover to compete in the EV market.

Portfolio Pulse from Chris Katje

September 11, 2024 | 3:48 pm

Needham analyst Chris Pierce has reiterated a Hold rating on Lucid Group (NASDAQ:LCID).

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 10:08 am

Lucid Group has unveiled a teaser for its upcoming midsize SUV, set to compete with Tesla's Model Y. The vehicle is expected to start production in late 2026 with a price of $48,000, directly competing with Tesla's Model 3 and Model Y. Lucid aims to expand its market presence beyond high-end EVs.

Portfolio Pulse from Anan Ashraf

September 11, 2024 | 9:15 am

Lucid Group, Inc. showcased its new Gravity electric SUV and teased an upcoming affordable crossover EV at its Technology & Manufacturing Day. The Gravity SUV will feature a NACS charging connector in 2025 and is set to begin production later this year. Lucid also plans to produce a midsize crossover EV by late 2026, priced under $50,000. Despite these announcements, Lucid shares have declined 10% over the past five days.

Portfolio Pulse from Erica Kollmann

September 10, 2024 | 4:41 pm

Lucid Group, Inc. showcased its upcoming Lucid Gravity SUV and highlighted the cost-effectiveness of its technologies at its Technology & Manufacturing Day. The company has already delivered more cars in 2024 than in all of 2023.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 1:23 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated a Neutral rating on Lucid Group (NASDAQ:LCID) and maintained a $4 price target.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 2:40 pm

Lucid Motors has launched the UX 2.4 software update for its Lucid Air vehicles, enhancing its DreamDrive™ Pro ADAS with new features like Lane Change Assist and 3D lane visualization. The update also introduces a new voice control system and other enhancements.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 1:08 pm

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