Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. ...

The stock market is a rollercoaster of highs and lows, where fortunes are made and lost in the blink of an eye. This makes the case for the top sorry stocks to sell before your wallet goes empty in 2024. While the allure of quick gains can be enticing, it's important to remember that investments may not pan out. Some are destined for greatness, while others are ticking time bombs waiting to explore and leave your portfolios destitute. Dwindling revenues, escalating debts, declining profits, or questionable ...

Lucid (NASDAQ:LCID) is trading lower after the pure-play electric vehicle (EV) company announced a restructuring plan that involves parting ways with 6% of its workforce, equivalent to about 400 jobs. Lucid expects to complete the layoffs by the end of the third quarter. According to an internal email from CEO Peter Rawlinson, hourly manufacturing and logistics employees will not be affected while other departments, including leadership and mid-level management, will be impacted. Lucid had 6,500 employees a ...

Rawlinson said the cuts will be made to both Lucid's full-time and contract workforces, and that they include "leadership and mid-level management." Hourly manufacturing and logistics employees will not be affected. Lucid Motors is laying off about 400 employees, or roughly 6% of its workforce, as part of a restructuring ahead of the launch of its first electric SUV later this year. The company said in a regulatory filing on Friday morning that it expects to complete the restructuring by the end of the thir ...

RoschetzkyIstockPhoto/iStock Editorial via Getty Images I covered my bull case for Tesla, Inc. (TSLA) in a recent article. A few readers reached out, asking if I see any potential upside in other Electric Vehicle (EV) carmakers. In this article, I will cover four of the main "pure play" EV automakers — that is, companies exclusively producing EVs. I will particularly focus on Rivian Automotive, Inc. (NASDAQ:RIVN), as I believe it has the most potential to compete with Tesla from a product standpoint. Thesis ...

Tesla just sounded the alarm: EV demand is not as strong as we thought it was. Electric car stocks took a tumble in noon (ET) trading Thursday, with Lucid Group (LCID -4.67%) falling 3.8%, Rivian Automotive (RIVN -4.86%) sliding 4.6%, and Polestar (PSNY -4.21%) doing worst of all -- down 7.4%, and trading at penny stock levels -- just $0.87 a share. Another EV company entirely, though -- Tesla (TSLA -1.84%) -- may be the reason for EV investor dismay. Tesla pulls its forecast Every year, Tesla publishes an ...

Electric vehicle (EV) companies aren't exactly having a good year, and Lucid (NASDAQ:LCID) is no exception. LCID stock has shed over 30% of its value year-to-date as customers favor lower-priced hybrid models amid a price war among EV competitors. During the first quarter, Lucid produced 1,728 vehicles and delivered 1,967 of them. Additionally, Lucid reiterated its 2024 production guidance of 9,000 vehicles. However, shareholders were expecting more. Last year, Lucid produced 8,428 vehicles while delivering ...

Lucid (NASDAQ:LCID) stock has shed over 30% so far this year, bringing its all-time loss to more than 70%. Both institutional investors and hedge funds are taking notice, decreasing their net exposure by 2.92% and 11.89%, respectively, as of the end of the first quarter. How much of that can be attributed to missed expectations? As pointed out by The Motley Fool, Lucid guided for the delivery of 90,000 vehicles and revenue of $9.9 billion for 2024 in its 2021 investor presentation. Those estimates are a lon ...

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...