Lucid Group, Inc. (NASDAQ: LCID ) went public in 2021 with the intent to dislodge Tesla, Inc.'s ( TSLA ) dominance of the then fast-growing market for electric vehicles in the US. I covered this , highlighting that the The equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend tickers, REITs, ...

Lucid Group (LCID) closed the most recent trading day at $3.59, moving +1.41% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.13%. On the other hand, the Dow registered a gain of 0.33%, and the technology-centric Nasdaq decreased by 0.39%. The an electric vehicle automaker's stock has dropped by 10.61% in the past month, falling short of the AutoTires-Trucks sector's gain of 10.12% and the S&P 500's gain of 2.43%. The investment community will be paying close attention to ...

Electric vehicle (EV) stocks are suffering today after Morgan Stanley downgraded Rivian Automotive (RIVN) to "equal weight." Shares of sector peers Nio Inc - ADR (NYSE:NIO) and Lucid Group Inc (NASDAQ:LCID) were last seen don 3.1% to trade at $5.77 and 3.5% at $3.44, respectively. NIO yesterday hit a ceiling at the $6 level, which also rejected a rally back in May. Shares conquered the 20-day moving average in late August after pulling back close to their April 22, four-year low of $3.61. Despite consolidat ...

Follows the Society's strong endorsement of EsoGuard medical policy coverage by payors NEW YORK, Sept. 24, 2024 /PRNewswire/ -- Lucid Diagnostics Inc. (Nasdaq: LUCD) ("Lucid" or the "Company") a commercial-stage, cancer prevention medical diagnostics company and subsidiary of PAVmed Inc. (Nasdaq: PAVM), announced that the American Foregut Society's (AFS) 2024 Annual Meeting, being held from September 26-28, 2024 at the Gaylord Rockies Resort & Convention Center in Aurora, CO, will be highlighting its EsoGua ...

Many Lucid competitors have rolled out EV trucks already, but will the start-up EV maker follow? Many investors have wondered if a Lucid (LCID -3.32%) electric pickup truck is on the way. After all, the electric vehicle (EV) maker has a well-received Air EV sedan and an upcoming Gravity EV SUV, so why not a pickup? Ford, Rivian, General Motors, and Stellantis, among others, all have EV trucks on the road, or soon to be. However, if recent hints hold true, don't expect a Lucid EV truck anytime soon, and ther ...

The most recent trading session ended with Lucid Group (LCID) standing at $3.61, reflecting a -0.82% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a gain of 1.7% for the day. Meanwhile, the Dow gained 1.26%, and the Nasdaq, a tech-heavy index, added 2.51%. The an electric vehicle automaker's shares have seen an increase of 1.68% over the last month, not keeping up with the Auto-Tires-Trucks sector's gain of 2.47% and outstripping the S&P 500's gain of ...

Will this burnt-out EV stock bounce back over the next few years? When it went public in 2021, many investors hailed Lucid Group (LCID 0.77%) as the "next Tesla (TSLA 0.21%)." The luxury electric vehicle (EV) maker attracted a lot of attention for two reasons: It was led by Tesla's former chief vehicle engineer, Peter Rawlinson, and it aimed to deliver 20,000 vehicles in 2022 and 49,000 in 2023. In reality, Lucid delivered only 4,369 vehicles in 2022 and 6,001 in 2023. It struggled to overcome supply chain ...

Lucid teases a new midsize crossover starting under $50,000. This year has been a struggle for many early-stage electric vehicle (EV) companies. Competition has grown, giving consumers more options in several vehicle segments. Lucid Group (LCID 4.22%) is one that has struggled to achieve high-volume sales as general EV sales growth has slowed globally. That's led to a 33% decline in the stock over the last year. But Lucid is on the verge of launching its first offering outside of the luxury sedan segment. T ...

The luxury electric vehicle maker is all set to launch a new SUV and a cheaper midsize EV. Lucid (LCID 8.36%) stock had been giving up all its gains from August so far this month until this morning when it surged, jumping 7.3% higher as of 11:10 ET Wednesday. The luxury electric vehicle (EV) maker is placing big bets on its upcoming Gravity SUV. Yesterday, Lucid didn't just showcase and reveal more information about Gravity at its Technology and Manufacturing Day event but also gave a glimpse of its upcomin ...

Core Viewpoint - Lucid Group is currently not pursuing the development of an electric pickup truck, focusing instead on its upcoming Gravity SUV and a future low-cost SUV crossover to compete with Tesla in the electric vehicle market [1][4]. Group 1: Company Strategy - CEO Peter Rawlinson emphasized that Lucid is not considering an electric pickup truck due to challenges in achieving a usable and cost-effective model that meets consumer demands for towing and mileage range [2][3]. - The company aims to differentiate its vehicles by offering superior mileage range compared to competitors [2]. Group 2: Market Context - The electric pickup truck market is becoming increasingly competitive, with Tesla's Cybertruck and Rivian's R1T leading sales, while traditional automakers like Ford and General Motors are also entering the space [5][6]. - Ford's F-150 Lightning, a well-established model, is expected to attract consumers transitioning to electric vehicles, leveraging its historical sales success [6]. Group 3: Product Development - The Lucid Gravity SUV is set to be the company's first SUV, with hopes to compete against Tesla's offerings when it launches later this year [7]. - A new crossover EV is planned for production starting in 2026, with anticipated starting prices below $50,000, positioning Lucid to better compete in the market [7]. Group 4: Stock Performance - Following the announcements, Lucid's stock rose by 6% to $3.74, although it remains down 10% year-to-date in 2024, with a 52-week trading range of $2.29 to $6.12 [7].