Lucid (LCID)
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Is Lucid Group a Millionaire Maker?
The Motley Fool· 2024-08-18 13:31
It's time to assess Lucid's prospects after Saudi Arabia's latest investment saved the day. The automotive business is a tough game, but Lucid Group (LCID -1.25%) apparently makes a good product. Its flagship model, the Lucid Air, has garnered great reviews, and the company has a new SUV model coming soon. However, Lucid has struggled with sharp losses while it tries to grow production levels high enough to sustain the business financially. Investors recently received great news when Lucid announced it had ...
Is Lucid Stock a Buy After Better-Than-Expected Earnings?
The Motley Fool· 2024-08-17 07:36
Earnings were better than expected and a big investor added more cash. But the risks are still significant. Shares of electric vehicle maker Lucid (LCID -1.25%) have had a mostly downhill ride since the company's market debut, falling over 90% from their 2021 price peak. However, the company has made substantial progress since 2021. Its first model, the Air luxury sedan, has received wide acclaim. A big SUV will join the lineup by the end of this year. Lucid's second-quarter results -- reported Aug. 5 -- we ...
Why It's Time to Abandon Lucid Stock
Investor Place· 2024-08-15 10:00
It's good to have friends in high places. That is certainly what Lucid Group (NASDAQ:LCID) thinks. The Saudi Arabian government's sovereign wealth fund Public Investment Fund (PIF) just injected the luxury electric vehicle maker with another $1.5 billion in cash, which gives it enough money to survive through the fourth quarter of 2025. Yet, it's also a sign that retail investors should sell Lucid stock. It is clear the automaker can't sell enough cars to make it on its own without outside assistance. At so ...
Why Lucid Stock is crashing
Finbold· 2024-08-13 17:18
The stock price of electric vehicle (EV) manufacturer Lucid (NASDAQ: LCID) is facing a significant downturn despite recently announcing a record-breaking second quarter in vehicle deliveries. As of the market opening on August 13, the stock was trading in the green zone with gains of 4%, valued at $3.02. Overall, the stock has faced bearish sentiments in recent weeks, down over 16% in the last month. Market Summary > Lucid Group Inc - Follow Lucid one-month stock price chart. Source: Google Finance Why LCID ...
Lucid: Saudi Arabia To The Rescue (Rating Upgrade)
Seeking Alpha· 2024-08-13 07:59
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Why Lucid Stock Is Down Today
The Motley Fool· 2024-08-12 15:49
Upcoming economic data could be particularly troublesome for the EV maker. Shares of electric vehicle (EV)-maker Lucid Group (LCID -6.27%) were trading lower on Monday, as Wall Street awaited new economic data after last week's sell-off. As of 11:00 a.m. ET, Lucid's shares were down about 4.7% from Friday's closing price. Last week's solid earnings haven't helped Lucid's stock Lucid's stock has been gyrating since the company' reported earnings on Aug. 5, immediately following that day's abrupt market sell- ...
Lucid Diagnostics Provides Business Update and Second Quarter 2024 Financial Results
Prnewswire· 2024-08-12 12:07
EsoGuard® test volume increased 31 percent quarterly; 44 percent annually Clinical data now well-positioned for final push towards broad coverage and reimbursement Over 50 high-volume #CheckYourFoodTube Precancer Testing Events in 2Q24, including first with upfront contracted payment Conference call and webcast to be held today, August 12th at 8:30 AM EDT NEW YORK, Aug. 12, 2024 /PRNewswire/ -- Lucid Diagnostics Inc. (Nasdaq: LUCD) ("Lucid" or the "Company") a commercial-stage, cancer prevention medical dia ...
The Good News Keeps Rolling In for Lucid Investors
The Motley Fool· 2024-08-10 08:41
Despite the doom and gloom surrounding the EV industry, Lucid is gaining some momentum. Like many start-up electric vehicle (EV) manufacturers, Lucid Group (LCID 1.27%) has had an incredibly bumpy road since the initial hype around EV start-ups wore off rather quickly. The automaker is burning cash, working through production ramp-ups, and facing questions about Saudi Arabia's investment commitment. Thankfully, for investors, good news keeps rolling in, and some of those questions have been answered. Recapp ...
LCID Stock: Why Lucid May Not Be Able to Survive and Thrive Long-Term
Investor Place· 2024-08-09 20:39
Known for its luxurious EV models like its very own Lucid Air, Lucid Group (NASDAQ:LCID) currently faces a mixed bag of analyst reviews. While its advanced technology supports growth, financial and operational challenges pose risks. Amid continued tech selloffs and recession fears, many rightly view LCID stock as a cautious hold in this environment. That said, the company's CEO Peter Rawlinson has expressed optimism about Lucid's sales growth, cost-saving initiatives, and the company's upcoming Gravity laun ...
3 EV Stocks to Sell in August Before They Crash & Burn
Investor Place· 2024-08-09 10:35
Electric vehicle (EV) companies are likely going to face a significant challenge in the upcoming months. Inflation, while slowing, is still choking investors and consumers alike and remains a key concern for the Federal Reserve's economic policy. The premium price of a new car (used cars don't directly impact a company's revenue, so they aren't factored in) eliminates many potential buyers. Additionally, ever-increasing unemployment is causing further turmoil, with fears of a recession rising. This cut on d ...