Lucid Gravity Touring priced from $79,900, with Grand Touring trim priced from $94,900 and scheduled to start production in late 2024NEWARK, Calif., Oct. 29, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced customer orders for the Lucid Gravity will open on November 7, 2024, at 9:00 am Pacific Time. Orders will initially be taken for the Grand Touring trim, priced from $94,900 and offering more than 800 horsepower and a projected ra ...

NEWARK, Calif., Oct. 28, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced the Lucid Air has earned five stars, the highest possible overall safety rating, from the National Highway Traffic Safety Administration's New Car Assessment Program for 2025. The Lucid Air Pure, Touring, Grand Touring, and Sapphire received the maximum five-star scores for overall safety in frontal crash, side crash, and rollover testing. Lucid Air Lucid Air ...

Momentum Shift - Lucid Group has recently gained momentum with three consecutive quarters of record deliveries, contrasting with Rivian's production challenges [1][2] - Rivian experienced a 36% decline in deliveries during Q3 2024 and reduced its production guidance from 57,000 to 47,000-49,000 vehicles [2] - Lucid achieved a 91% increase in Q3 deliveries, marking its third straight quarter of record-setting delivery numbers, partly due to significant incentives [2] Speed Bumps - Lucid announced a larger-than-expected Q3 operating loss, projected between $765 million and $790 million, exceeding analysts' expectations of $752 million [3] - The company plans to sell over 260 million shares in a public offering, with an additional 375 million shares to be sold to its majority shareholder, Saudi Arabia's Public Investment Fund (PIF), leading to shareholder dilution [3] Financial Metrics - Lucid Group's shares outstanding stand at 2.319 billion [4] - The company's quarterly cash and equivalents are reported at $1.354 billion [4] Strategic Focus - Long-term investors should focus on the execution of Lucid's upcoming Gravity SUV EV launch and its production and delivery ramp-up in the coming months [5] - Lucid plans to launch a midsize crossover priced below $50,000 within approximately two years, signaling its next strategic step in the EV market [5] Market Position - Lucid's recent challenges, including shareholder dilution and larger-than-expected losses, have driven its stock price down by nearly 27% over the past month [5] - The company remains a highly speculative and volatile stock, with significant price swings, and is recommended to be a smaller position in portfolios [5]

The company is growing deliveries but is still a subscale automotive player.The 2020 and 2021 stock market bubble brought many companies public that should have stayed private. Specifically, a lot of electric vehicle (EV) stocks with shaky business models.People wanted to copy Tesla, and investors were fueling the EV makers with absurd levels of funding. It was a fun time. Well, maybe only if you didn't buy the stocks.One company still kicking around is Lucid Group (LCID). The aspiring luxury EV brand went ...

Lucid Group, Inc. NASDAQ: LCID has made headlines with its recent stock sale, raising a staggering $1.75 billion. CEO Peter Rawlinson has confidently declared that this will fuel the company’s operations "well into 2026," allowing them to ramp up production of the Gravity SUV and launch new models. However, investors are hesitant, as Lucid's stock price has fallen over 30%. Is this stock sale a strategic move toward dominance in the electric vehicle (EV) automotive sector or a desperate attempt to stay aflo ...

Interest rates and the anticipation of big news from Tesla played roles in Lucid stock's moves Wednesday.Lucid (LCID -4.60%) stock lost ground in Wednesday's trading. The company's share price closed out the daily session down 4.6% and had been down as much as 5.4% earlier in the day.Lucid stock fell in today's daily trading as investors weighed the possibility that the Federal Reserve will adopt a slower-than-anticipated pace for interest rate cuts. The market was also feeling jittery about electric vehicl ...

In this articleLCIDLucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021.Andrew Kelly | ReutersDETROIT — Investors misinterpreted a public offering last week by Lucid Group that raised roughly $1.75 billion — and led to the stock's worst daily performance in nearly three years — CEO Peter Rawlinson told CNBC.Ra ...

Lucid Group (LCID) has been on a downward spiral lately with significant selling pressure. After declining 24.6% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock ...

Lucid Motors (NASDAQ: LCID) has had a rough week, with shares closing at $2.63 on Friday, down -0.060 (2.23%) for the day and -22.19% over the past five trading sessions. The luxury electric vehicle (EV) maker, which currently holds a market cap of $7.6 billion, is trading near the lower end of its 52-week range. With the S&P 500 nearing all-time highs, Lucid’s sharp decline stands in stark contrast, leaving investors wondering whether this is a buying opportunity or a signal to stay on the sidelines.In the ...

Lucid set a new record for deliveries while Rivian hit a speed bump -- but there's more to the story. Rewind the clock about a year ago and the stories of Lucid Group (LCID -2.23%) and Rivian Automotive (RIVN -0.79%) were quite different. Lucid had a string of disappointments for investors while Rivian arguably had more momentum than any other start-up electric vehicle (EV) maker. The stock prices reflected that, with the two EV makers moving in opposite directions. The third quarter of 2024 has brought a r ...