Following the disastrous launch of its Ocean SUV, which resulted in a multitude of customer complaints, Fisker (OTCMKTS:FSRN) has filed for Chapter 11 bankruptcy protection. The news shouldn't come as a major surprise, as Fisker was removed from the New York Stock Exchange earlier this year before defaulting on its debt. However, Lucid (NASDAQ:LCID) seems to be taking advantage of Fisker's woes and the name of its flagship vehicle. According to Electrek, the pure-play EV company submitted a trademark filing ...

The most recent trading session ended with Lucid Group (LCID) standing at $2.57, reflecting a -1.53% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a gain of 0.25% for the day. Meanwhile, the Dow gained 0.15%, and the Nasdaq, a tech-heavy index, added 0.03%. For the full year, the Zacks Consensus Estimates project earnings of -$1.16 per share and a revenue of $727.29 million, demonstrating changes of +14.71% and +22.18%, respectively, from the preceding ...

Electric vehicles (EV) aren't going away but they aren't the growth industry they once were. Year-over-year sales are dramatically slowing with first-quarter sales rising just 2.6% from 2023. EVs accounted for 7.3% of all new-vehicle sales in the period, down from the fourth quarter, according to Kelley Blue Book. It was the first quarter-to-quarter decline since the pandemic. To put it in perspective, first-quarter 2023 sales had soared 46% from the prior year, which itself had been over 81% higher than in ...

Loading... Why It's Important: The comments from Rawlinson come after a recent interview with BBC where he said Tesla was "distracted." Rawlinson and Lucid have had a building rivalry with Tesla. Rawlinson's previous role at Tesla as a chief engineer and working on the Tesla Model S has often been discredited for his role at the company by Tesla CEO Elon Musk. With Lucid facing cash concerns as its losses mount, Musk has said the company will face bankruptcy. The technology of Lucid could be a differentiati ...

Understanding when to sell a particular stock might be as important in investing as when to acquire it. Here, the focus is on identifying stocks to sell during market downturns, as it is crucial to mitigate potential financial risks when investing. Three identified companies suffer rising operating expenses and severe market hurdles due to market volatility and economic concerns, reducing the appeal of owning their stocks over the long run. It is important to comprehend these processes, as evidenced by the ...

Lucid Group (LCID) ended the recent trading session at $2.65, demonstrating a -0.56% swing from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.85%. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, added 1.53%. For the full year, the Zacks Consensus Estimates are projecting earnings of -$1.16 per share and revenue of $727.29 million, which would represent changes of +14.71% and +22.18%, respectively, from the prior year. Our research reveals that these e ...

Back in 2022, the Lucid Air won automotive publication MotorTrend's Car of the Year award. At the time, one of the standout attributes regarding the Air was its engineering excellence. In part, the auto magazine highlighted the EV's unique heat management and cooling systems which effectively handle the loads associated with full power. Against the bigger picture, it's admittedly tough to bet heavily on Lucid stock. As CNBC pointed out earlier this year, the robust sentiment for EV manufacturing has faded. ...

When the rulebook of the game changes every second, a few companies are reimagining and bringing some radical products to market. These are not only changing the game for the industries they are venturing into but also turning out to be great long-term investment bets. As they change the face of their respective industries, they offer a unique chance to get on board for growth and innovation. Here are three leading stocks that are not just revolutionizing the future but are also changing the game in your po ...

NEWARK, Calif., June 7, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced that Peter Rawlinson, CEO and CTO, will participate in a fireside chat at the Deutsche Bank Global Auto Industry Conference on Tuesday, June 11, at approximately 2:40 p.m. Eastern Time. Both discussions will be webcasted live on Lucid's investor relations website at https://ir.lucidmotors.com. A replay of each webcast will be available for 60 days following the ...

Once a super-hyped $90 billion electric vehicle maker, Lucid Group Inc. (LCID, Financial) now faces extreme skepticism from the markets as it struggles to achieve a sustainable business in a market that looks very different compared to three years ago. However, despite these advantages, Lucid is far from achieving sustainability and has become a cash-burning machine funded by Saudi Arabia. It targets a niche luxury EV market, but struggles with profitability, losing over $100,000 per vehicle, reporting a $6 ...