Lucid is committed to reducing the most common barriers for prospective EV drivers: Price and Ease of Ownership Lucid Air Pure now priced from $69,900; Air Touring from $77,900; Air Grand Touring from $109,9001 Two years of scheduled maintenance included with every new Lucid Air at no additional cost New charging allowance of $1,000 towards the Lucid charging accessory of the customer's choosing NEWARK, Calif., Feb. 15, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury ...

Today is the deadline for institutional investors to file their quarterly Form 13F, meaning that retail investors will have an opportunity to track their positions as of Dec. 31. Philippe Laffont’s Coatue Management is a popular hedge fund to track. The fund has $23.84 billion in 13F assets under management (AUM) and had a total AUM of $47.87 billion as of May 2023. During the fourth quarter, Coatue dumped its entire 3.81 million share stake of Lucid (NASDAQ:LCID). This is a major change for Coatue, as it h ...

After failing to meet its delivery targets and seeing its shares drop so much that they were removed from the Nasdaq 100 index – and index of the 101 largest non-financial stocks listed on the exchange – in 2023, February appeared to have brought a reprieve to the beleaguered electric vehicle (EV) maker, Lucid Motors (NASDAQ: LCID).Indeed, the Saudi-owned company achieved several victories starting in late January, including several major deals with aluminum producers in Saudi Arabia and luxury commerce pla ...

After spending months on a major decline despite several – apparently unsuccessful – attempts to stop the downfall, such as a $10,000 cashback program implemented in 2023, and hitting an all-time low in January, the electric vehicle (EV) maker Lucid Motors (NASDAQ: LCID) has seemingly found a way to save itself from a complete stock market crash.Indeed, near the end of January, Lucid’s shares suddenly spiked from $2.65 to $3.36 – more than 25% in but a few hours – and the shares have mostly continued rising ...

The National Highway Traffic Safety Administration (NHTSA) has opened an investigation into a Lucid Motors windshield defroster recall from January, saying it’s “concerned” the company’s over-the-air update solution doesn’t go far enough to fix the problem. Lucid, meanwhile, told TechCrunch that the agency “understates the remedy being offered.”The probe comes as some automakers are increasingly relying on software updates to fix problems that would normally require a visit to a dealership or service center ...

Lucid (NASDAQ:LCID) stock is in the spotlight after the National Highway Traffic Safety Administration (NHTSA) announced that it had opened a recall query (RQ) to review the sufficiency and safety of Lucid’s recall solutions for some of its 2022 and 2023 Air models. Lucid’s last safety recall for its 2022 and 2023 Air was announced in January. The recall stemmed from a high-voltage coolant heater error that could result in a failure to defrost the windshield, leading to the possibility of driver visibility ...

Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.The earnings figure itself is key, of course, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa.The ability to iden ...

The latest trading session saw Lucid Group (LCID) ending at $3.52, denoting a +0.28% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 0.57% for the day. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, added 1.25%.The an electric vehicle automaker's stock has climbed by 7.67% in the past month, exceeding the Auto-Tires-Trucks sector's loss of 6.06% and the S&P 500's gain of 5.07%.The investment community will be closely monitoring the pe ...

One might say that the last 12 months sent the shares of the luxury electric vehicle (EV) maker Lucid Motors (NASDAQ: LCID) to the pits. Throughout 2023, the company was forced to implement measures such as a $10,000 cashback program on new cars, got kicked off the Nasdaq 100 index, and, in early 2024, fell to all-time lows.Not all has been doom and gloom for the company, however, particularly in the last few weeks. After continuously falling to ever-greater lows, the company entered into a meme-stock-like ...

Lucid (NASDAQ:LCID) stock is up nearly 9% today on a surprise partnership with high-end department store chain, Saks Fifth Avenue. Indeed, the electric vehicle maker announced Tuesday it will even begin offering test drives at some Saks brick-and-mortar location.What do you need to know about Lucid’s new fashion friend?Well, the multi-faceted deal will include substantial media collaborations between the two brands. As part of the agreement, Saks will have a Lucid landing page on its website, post about the ...