$1.1B new convertible offering and repurchase of ~$1B principal of existing 1.25% convertible notes due in 2026. New issue structured efficiently with PIF support from prepaid forward share purchase, 5-year maturity, and cappedcall overlay resulting in effective conversion price of $4.80.NEWARK, Calif., April 8, 2025 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID), maker of the world's most advanced electric vehicles, today announced the closing of $1.1 billion aggregate principal amount of convertible sen ...

After a weak Q1 performance, is it time to buy Lucid stock?The stock market struggled in the first quarter of 2025, but investors in Lucid Group (LCID -5.31%) had it much worse. The electric vehicle (EV) stock plunged 19.9% in Q1, according to data provided by S&P Global Market Intelligence, versus the Nasdaq Composite's (^IXIC -0.81%) 10.4% drop. The S&P 500 (^GSPC -0.51%), comparatively, fared much better, falling only 4.6% in Q1 2025.While President Donald Trump's first day in office rattled EV stocks, L ...

Trading in Lucid Group, Inc. LCID was quiet on Tuesday. But this may not be the case for long.If the market's reversal has legs and keeps moving higher, there is a good chance that, on a percentage basis, Lucid will outperform it. This is why we have made it our Stock of the Day.Lucid is trading just below resistance around the $2.65 level.Resistance is a price at which there is significant sell interest among traders and investors. If a stock is moving higher, it's because demand is greater than supply. Th ...

It might seem like investors in Lucid Group (LCID -1.08%) can't catch a break these days. After years of disappointing results, slow delivery growth, and production hiccups and delays, the young electric vehicle (EV) maker finally seemed to have momentum and growth on its side.But despite announcing the best quarter of deliveries in its history, the stock was sliding this past week. What gives?A delivery recordDuring the first quarter, Lucid delivered 3,109 vehicles, the highest quarterly total in the young ...

Group 1: Production Achievements - Lucid achieved a production target of 9,029 vehicles in 2024, surpassing its goal of 9,000 vehicles [2] - The company reported record deliveries for four consecutive quarters in 2024, indicating significant momentum [3] - Year-over-year production increased by approximately 7% from 8,428 vehicles in 2023 to 9,029 in 2024 [3] Group 2: Future Production Goals - Lucid aims to double its production to around 20,000 vehicles in 2025, which will test its production facilities and management capabilities [4] Group 3: Financial Performance - In 2024, Lucid generated vehicle sales revenue of approximately $809 million, while production costs amounted to $1.7 billion, resulting in a significant loss [6] - The company incurred a loss of $900 million on vehicle production, indicating an unsustainable business model without cost reductions [7] - Research and development expenses were nearly $1.2 billion in 2024, reflecting the company's focus on technological advancement [8] - Selling, general, and administrative expenses exceeded $900 million in 2024, posing additional financial challenges [9] Group 4: Profitability Challenges - Despite progress in production, Lucid is far from achieving profitability, which remains the most critical goal for investors [5][10] - The current cost structure and high expenses indicate that the company is likely years away from becoming a sustainable business [10]

Lucid stock (NASDAQ: LCID) has been on a bumpy road ever since its 2021 initial public offering (IPO).President Trump’s newest salvo of tariffs, unveiled on April 2, caused a sharp correction in the price of LCID shares. To be precise, the price of Lucid stock dropped from $2.40 at the time of the announcement to $2.27 at press time on April 4. At present, LCID stock is down 25% on a year-to-date (YTD) basis.LCID stock price year-to-date (YTD) chart. Source: FinboldIn addition, the luxury carmaker’s shares ...

Lucid Group, Inc. (LCID) , an EV manufacturer, has reported its production and delivery figures for the quarter ending March 31, 2025. The company produced 2,212 vehicles at its Casa Grande, AZ, plant in the first quarter, up 28% from the corresponding quarter of 2024. Additionally, 600 vehicles were in transit to Saudi Arabia for final assembly at Lucid’s new AMP-2 plant, its first manufacturing facility outside the United States. Lucid delivered 3,109 vehicles in the quarter, up 58% year over year, surpas ...

Signs of Tesla's (TSLA -6.19%) brand crisis are almost everywhere you look.Over the weekend, more than 200 "Tesla Takedown" protests were held across the country as Americans expressed their ire about CEO Elon Musk's project to downsize federal agencies -- which President Donald Trump refers to as the Department of Government Efficiency (DOGE) -- by targeting his company.Sales in Europe appear to be plunging; registration data showed Tesla sales were down 42% across most of Europe in the first two months of ...

Core Viewpoint - Lucid Group, Inc. has announced a private offering of $1 billion in 5.00% convertible senior notes due 2030, with the intention to use the proceeds for repurchasing existing convertible notes and other financial strategies [1][5]. Group 1: Offering Details - The offering consists of $1 billion aggregate principal amount of 5.00% convertible senior notes, scheduled to settle around April 8, 2025 [1]. - The notes will accrue interest at a rate of 5.00% per annum, payable semi-annually, and will mature on April 1, 2030 [2]. - The initial conversion rate is set at 333.3333 shares of common stock per $1,000 principal amount, equating to an initial conversion price of approximately $3.00 per share, representing a 25.0% premium over the last reported sale price of $2.40 [2]. Group 2: Use of Proceeds - Lucid estimates net proceeds from the offering to be approximately $983.6 million, which will be used to repurchase about $1,052.5 million of its outstanding 1.25% Convertible Senior Notes due 2026 [5]. - An additional $107.5 million of the net proceeds will be allocated to cover the costs of capped call transactions [5]. Group 3: Capped Call Transactions - Lucid has entered into capped call transactions to cover the number of shares underlying the notes, with a cap price of $4.80 per share, representing a 100.0% premium over the last reported sale price [6]. - These transactions are designed to reduce potential dilution of Lucid's common stock upon conversion of the notes [7]. Group 4: Repurchase and Forward Transactions - Concurrently with the pricing of the notes, Lucid is negotiating cash repurchases of a portion of its 2026 notes with certain holders [8]. - Ayar Third Investment Company has entered into a prepaid forward transaction to purchase approximately $430.0 million of Lucid's common stock, with delivery expected around the maturity date of the notes [9].

CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (date of earliest event reported): April 2, 2025 Lucid Group, Inc. (Exact name of registrant as specified in its charter) (Commission File UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Delaware 001-39408 85-0891392 (I.R.S. Employer Identification No.) (State or other jurisdiction of incorporation or organization) 7373 Gateway Boulevard Newark, CA 94560 (Address of Principal ...