"Lucid Gravity is the first SUV that truly compromises nothing," said Peter Rawlinson, CEO of Lucid. "It reimagines what an SUV can be, offering an unprecedented combination of comfort and space, ride and handling, practicality and range, and with today's announcements, exceptional charging performance and convenience. With seating for up to seven full-size adults and space for their luggage, the Lucid Gravity truly is the ultimate vehicle for the whole family." "Lucid Gravity offers next-level fast chargin ...

It's been a bumpy ride for many electric vehicle (EV) stocks over the past few years, and both Rivian Automotive (RIVN 2.24%) and Lucid Group (LCID 2.57%) have felt each jarring pothole. Rivian's shares have tumbled 79% and Lucid's have fallen 92% over the past three years.If those declines haven't scared you off, then you might, like me, have a long-term optimistic view of the EV market. And there have been glimmers of hope. Sales of electric vehicles rose 7% in the U.S. last year, reaching 1.3 million.How ...

Core View - The stock market offers opportunities for significant returns through strategic investments, with two equities identified as having potential for six-figure returns within five years [1] Lucid Motors (NASDAQ: LCID) - Lucid Motors faces competition in the EV space but has a promising roadmap despite challenges like supply chain issues [2] - The company's standout product, the Lucid Air sedan, is known for its range and advanced technology, with partnerships like Aston Martin adopting its motors and batteries [3] - Lucid is expanding its lineup, including the anticipated Gravity SUV, and plans to launch a midsize platform by 2026 [3] - Significant financial backing from Saudi Arabia's Public Investment Fund (PIF) provides a cash runway through 2026, aligning with Saudi Arabia's economic diversification strategy [4] - Q3 2024 revenue was $200 million, slightly above analysts' expectations of $198 million, marking a 45.2% increase from Q3 2023 [4] - Revenue projections for Q4 2024 are $209.3 million (33% YoY increase), with Q1 2025 expected to reach $252.18 million (46% YoY increase) [5] - Full-year 2024 revenue is projected at $780.28 million (31% increase from 2023), with 2025 revenue expected to soar 117% to $1.7 billion [5] - Despite supply chain delays in Q4 2024, Lucid produced 3,386 vehicles and delivered 3,099, surpassing annual guidance for the first time since 2022 with 9,029 vehicles produced and 10,241 delivered in 2024 [6] - Potential headwinds include operational challenges and over-reliance on the Saudi government, with regulatory changes like EV tax credit rollbacks posing risks [7] - LCID stock was trading at $2.79, up 2.5% for the day but down nearly 8% year-to-date, with key resistance levels at $5 and $10 [8] SoundHound AI (NASDAQ: SOUN) - SoundHound AI is a promising AI stock, specializing in voice AI and speech recognition technology, with significant growth potential in the AI sector [9] - The company operates across industries like automotive, hospitality, and restaurants, with clients including Hyundai, Applebee's, and Chipotle [10] - SoundHound AI holds 150 patents (115 pending) and has a cumulative subscription and booking backlog exceeding $1 billion [10] - High-profile endorsements, including an investment from Nvidia, strengthen its position in the AI space [11] - Analyst Chetan Woodun views Nvidia's backing as a strong endorsement, setting SoundHound AI apart from competitors [12] - The company aims to achieve profitability by 2025, with revenue projected to double from $46 million in 2023 to $100 million [12] - SOUN stock was trading at $15.84, down over 3% in the last 24 hours [12] Summary - Both Lucid Motors and SoundHound AI offer affordable entry points with significant growth potential, driven by expansion in the EV and AI sectors respectively [14]

Shares of the electric vehicle start-up Lucid Group (LCID 4.60%) fell 9.4% this week, according to data from S&P Global Market Intelligence, as President Trump rescinded mandates for electric vehicle (EV) production in the U.S. and indicated he might eliminate tax incentives for electric vehicles.A less hospitable EV environmentEarlier this week, President Trump revoked a 2021 executive order signed by former President Biden, which set a non-legally-binding goal for 50% of all new vehicles sold in the U.S. ...

It's time to size up the stock after Lucid's Q4 deliveries topped Wall Street's expectations.Upstart electric vehicle company Lucid Group (LCID -6.64%) recently announced Q4 vehicle production and deliveries that surpassed expectations. Additionally, the company just started deliveries for its second model, a premium SUV, and intends to launch a mainstream (cheaper) product in late 2026.Investors hope these developments can fuel a rebound for a stock that peaked at nearly $60 per share a few years ago, but ...

Investors in Lucid Group (LCID -5.59%) are feeling nervous. The electric vehicle (EV) stock fell further today, dropping to a low of 6.6% in early-morning trading. Lucid shares were still trading 5% lower as of noon ET Wednesday.Lucid reported record quarterly deliveries earlier this month and is about to open bookings for its Gravity SUV for customers in Canada. Yet investors fear the EV maker could face growth challenges under the Trump administration.President Donald Trump could slam the brakes on this i ...

The wider market saw significant dips starting with mid-December — and short sellers have taken notice. Resurgent inflation worries, higher yields, an unexpectedly strong labor market, and decreasing odds of continued rate cuts culminated in the S&P 500 erasing roughly $2.5 trillion in value over the course of a month.Those concerns have slightly cooled as of late — December’s Consumer Price Index (CPI) inflation data came in slightly better than expected — and strong earnings in the banking sector coupled ...

Lucid Gravity Touring will start at $113,5001 CDN with Grand Touring starting at $134,5001 CDNNEWARK, Calif., Jan. 16, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced Canadian pricing for the groundbreaking Lucid Gravity SUV. The Lucid Gravity Touring will be priced from $113,5001 CDN, while the Lucid Gravity Grand Touring will start at $134,5001 CDN. Orders for the Lucid Gravity Grand Touring model, offering 828 horsepower and a p ...

Core Viewpoint - Lucid Motors has faced significant volatility in its stock price since its IPO in 2021, struggling to maintain upward momentum despite backing from Saudi Arabia's Public Investment Fund (PIF) [1] Company Performance - Lucid Motors failed to meet its H1 2024 delivery targets by 90%, raising concerns about share dilution due to PIF's investment, which were acknowledged by the CEO [2] - In Q3, the company also did not meet production estimates, contributing to negative sentiment around the stock [2] - Throughout 2024, Lucid's stock price declined by 28%, although it experienced a brief recovery in December with a 41.78% increase from $2.13 to $3.02 following the announcement of production for the Gravity SUV [3] - However, this recovery was short-lived, with the stock price dropping below $3 again by January 13, currently trading at $2.96 [4] Market Sentiment - The stock has attracted significant interest from short sellers, with the short volume ratio rising from 49.42 on January 10 to 59.79 on January 13, indicating strong bearish sentiment [6] - As of January 15, 18.51% of the stock's float has been sold short, and it would take short sellers approximately 3.14 days to cover their positions [6] Macroeconomic Factors - The recent decline in Lucid's stock price and increased short interest cannot be attributed to a single company-specific issue; rather, it is influenced by broader macroeconomic factors such as inflation concerns and reduced expectations for interest rate cuts [9] Future Outlook - Despite the recent challenges, Lucid's fundamental outlook remains stable, with Q4 production and delivery figures exceeding analyst estimates and achieving a production target of 9,000 vehicles for the year [10] - However, Wall Street's average price target for Lucid stock is currently $2.91, reflecting a slight downside and a lack of confidence in the stock's recovery [11]

One highlight of January’s Consumer Electronics Show (CES) was the unveiling of the partnership between Lucid Group Inc. NASDAQ: LCID and SoundHoundAI Inc. NASDAQ: SOUN. The partnership will integrate SoundHound's Chat AI into a proprietary Lucid Assistant.  The announcement was made in early January, but CES was the first time consumers and investors got to see the partnership in action.SoundHound’s technology will allow the Lucid Assistant to respond to the prompt “Hey Lucid” in the same way that consumer ...