Sales Performance - Lucid Motors delivered 2,781 vehicles in Q3 2024, marking a third consecutive record quarter for deliveries [1] - The company has now sold more EVs in 2024 than in all of 2023, with three months remaining in the year [1] - Lucid produced 1,805 Air sedans in Q3 2024, down from 2,110 in Q2 2024 [3] Production and Expansion - Lucid needs to produce over 3,000 EVs in Q4 2024 to meet its annual goal of 9,000 vehicles, a target it last achieved in Q4 2022 [3] - The company has been increasing shipments to Saudi Arabia, where it performs final assembly of vehicles primarily built in Arizona [3] - Lucid plans to open a full-featured factory in Saudi Arabia in the coming years [3] Strategic Developments - Lucid is preparing to launch its Gravity SUV later this year, which will be its second model and is expected to be more popular in the North American market [2] - The company continues to rely on its majority owner, Saudi Arabia's sovereign wealth fund, for additional cash injections ahead of the Gravity SUV launch [2] Market and Sales Insights - Lucid has not disclosed the geographic breakdown of its increased sales but may provide more details in its Q3 financial results on November 7th [3]

NEWARK, Calif., Oct. 7, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced production and delivery totals for the quarter ended September 30, 2024. During this period, Lucid produced 1,805 vehicles and delivered 2,781 vehicles, of which approximately 8% were subject to operating lease accounting.1 Lucid will host a conference call to discuss its third quarter 2024 financial results on Thursday, November 7, 2024, at 2:30 pm PT / 5:30 p ...

They weren't looking so hot next to a clutch of international rivals. Tuesday wasn't an ideal day to be a shareholder in many of the electric vehicle (EV) and associated companies headquartered within U.S. borders. Big news from across the Pacific Ocean drained confidence about U.S. manufacturers, which led to a broad sell-off throughout the sector. Truck and SUV maker Rivian Automotive (RIVN -6.95%), for one, saw a dispiriting decline; it closed the day 7% lower in price. Luxury EV specialist Lucid Group ( ...

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 ...