NEWARK, Calif., July 8, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced production and delivery totals for the quarter ended June 30, 2024. Lucid produced 2,110 vehicles and delivered 2,394 vehicles during this period.1 Lucid will host a conference call to discuss its second quarter 2024 financial results on Monday, August 5, 2024, at 2:30 pm PT / 5:30 pm ET. Prior to the conference call, the company will issue an earnings press re ...

As we saw last quarter, Lucid had to slash prices on its cars to move them off dealer lots. More Is Not Better As Lucid's cheapest car starts at just under $70,000, that is almost 20% more than the average price of an electric car. But the EV company had been cutting prices, which likely accounts for the higher deliveries. The market is anticipating a strong deliveries report from Lucid Group (NASDAQ:LCID). Lucid stock shot 7% higher on Wednesday as investors bet the luxury electric vehicle maker will have ...

NEW YORK, July 2, 2024 /PRNewswire/ -- Lucid Diagnostics Inc. (Nasdaq: LUCD) ("Lucid" or the "Company") a commercial-stage, cancer prevention medical diagnostics company, and majority-owned subsidiary of PAVmed Inc. (Nasdaq: PAVM), today announced positive data from its ESOGUARD BE-1 prospective, international, multicenter, single-arm study conducted to clinically validate performance of the EsoGuard® Esophageal DNA test on samples collected with the EsoCheck® Esophageal Cell Collection Device for detection ...

Fundamentally, the issue centered on impinging on a preexisting trademark. Lucid intends to launch a new luxury SUV called the Gravity. According to the company's website, the Gravity will feature a range of up to 440 miles. It also offers seating for seven, and with over 800 horsepower, the SUV can launch itself to 60 miles per hour from a standstill in under 3.5 seconds. However, the EV maker's use of "Lucid Gravity" clashed with Gravity's own brand identity. Adding to the confusion, Gravity, the company, ...

Electric vehicles are the future. Both governments and people around the world are slowly pushing towards increasing the percent of transportation coming from EVs. Nearly 20% of cars driven around the world are electric, and major governments are setting quotas to reach 50% EVs in the near future. The growth can also be seen by the stock market. The already large EV industry is expected to grow at a pace of 15.5% from 2022 to 2032, a massive amount that shows the immense potential that EV has for investors. ...

About Lucid Group The agreement allows for Lucid's use of the "Lucid Gravity" brand without impinging on Gravity's pre-existing trademark, avoiding a dispute between the two companies. "At Gravity, Inc., it's been our mission to fuel this industry's growth," said Moshe Cohen, CEO of Gravity, Inc. "When there is an opportunity to work together and collaborate across the sector, that's the path we will take. We are passionate about facilitating accessible, sustainable, electric transportation to American citi ...

EV fans know which companies are doing well and who are not. Unfortunately, one of the many EV companies struggling as of late is Lucid Group (NASDAQ:LCID). Despite a 60% correction in 2023, investors remain cautious about LCID stock. Lucid's delivery growth has disappointed because of ongoing production and delivery issues. High cash burn persists, necessitating continuous external financing. In 2023, operating losses totaled $3.1 billion, widening year-over-year. Q1 2024 saw operating losses of $730 milli ...

Last night, rival EV-maker Rivian Automotive (RIVN 23.16%) announced that Volkswagen (VWAGY -1.54%) is giving it a $5 billion cash infusion (total, over the next three years) and establishing a joint venture whereby VW and Rivian will combine forces to produce new electric vehicles. Plus, Aston Martin is actually smaller than Lucid (about one-quarter the market cap). And unlike Volkswagen, which has more than $53 billion in cash on its books, Aston Martin has less than half a billion -- less than Lucid's $4 ...

LCID Stock Rises Following Rivian-Volkswagen Partnership The news caused Lucid (NASDAQ:LCID) to rise as much as 12% following yesterday's close, although more than half of those gains have been erased since then. While Lucid's deal pertains to hardware, Rivian's deal focuses on software. The EV truck company's deal is also much more lucrative. Rivian now boasts Amazon (NASDAQ:AMZN) and Volkswagen as major partners while Lucid has the support of Saudi Arabia's Public Investment Fund (PIF) and its subsidiary, ...

Nick Twork, Head of Global Communications at LucidNick Twork, Head of Global Communications at Lucid A native Michigander, he started his career as a journalist and spy photographer under the legendary Jim Dunne, then worked in high-profile communications roles on multiple continents at Ford, GM, Porsche, Infiniti and Renault-Nissan-Mitsubishi. He gained significant experience at early-stage technology companies, including most recently ONE (Our Next Energy), where he was a founding member of the energy sto ...