Lucid Group (NASDAQ:LCID) is riding a wave of anticipation that it may have finally turned the corner. After a second-quarter deliveries update, Lucid stock hit a level not seen since last December. Two weeks ahead of the luxury electric vehicle manufacturer's second-quarter earnings report, investors are hoping Lucid found the right combination of production, price and incentives to generate sustained sales growth. They are now looking for clues this is the turnaround they have been waiting for. Wall Stree ...

Did Tesla just issue very worrying signals for Lucid stock? While there wasn't any business-specific news pushing Lucid lower today, the company's valuation fell after high-profile earnings reports missed expectations. Yesterday, Alphabet and Tesla became the first two members of the "Magnificent Seven" to report quarterly earnings -- and Wall Street was not happy with the results. Tesla's report in particular may have some bearish implications for Lucid. It was a volatile day for the stock market. Notably, ...

Lucid Motors (NASDAQ:LCID) is an electric vehicle (EV) stock that has been beaten down for some time. Today, LCID stock is down another 6%, but not really due to any company-specific reason. Instead, yesterday's results from Tesla (NASDAQ:TSLA) appear to be the driving force behind this very bearish move. Indeed, the 12% downside move in TSLA stock overshadows most other EV makers, which are also down today on the news. But it's still impressive that these results can spark the kind of sector-wide selling p ...

Market participants will be closely following the financial results of Lucid Group in its upcoming release. The company plans to announce its earnings on August 5, 2024. The company is forecasted to report an EPS of -$0.26, showcasing a 35% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $188.05 million, showing a 24.64% escalation compared to the year-ago quarter. Our research shows that these estimate changes are dir ...

Beginner's Guide to Pot Stock Investing Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Get This Free Report The Lucid Air and Gravity EV Models The 4-door Lucid Air boosts impressive stats. The long-range electric sedan has an estimated EPA range of 516 miles, with a maximum horsepower of 1,234 and a zero to 60 mph time of 1.89 seconds. Its batteries can charge 200 miles in 12 minutes. All these vary by trim. Lucid Air was nam ...

At the start of the decade, electric vehicles (EVs) looked like the next big thing in automotive technology. They probably still are. But the road to widespread adoption might be more challenging than previously expected. Higher interest rates, consumer preferences, and rising competition are eating away at industry margins and growth potential. As a smaller company without the capitalization of Tesla or a legacy gasoline-powered business to subsidize its EV segment losses, Lucid is in a uniquely challengin ...

Core Viewpoint - Lucid Motors has shown strong delivery growth despite a slight decline in production, with significant stock price movement influenced by recent CEO comments and high short interest [1][6][9]. Production and Deliveries - In the first quarter, Lucid produced 2,110 vehicles and delivered 2,394, marking a year-over-year production decrease of 2.89% but a delivery increase of 70.51% [1]. - The production figures exceeded analyst expectations, which were 1,954 for production and 1,889 for deliveries [1]. Future Production Guidance - Lucid has set a production target of 9,000 vehicles for 2024, necessitating the production of at least 5,012 vehicles in the second half of the year to meet this goal [2]. Product Development - The company is on track to begin production of its Gravity SUV this year, which features a projected range of 440 miles and a 0-60 mph time of under 3.5 seconds [3]. Competitive Advantage and Partnerships - Lucid claims its technology provides a competitive edge, although it has not announced any new technology partnerships in over a year [4]. - The company previously secured a deal with Aston Martin worth over $450 million to supply electric vehicle powertrains and battery systems [4][5]. - Lucid's partnership with Saudi Arabia's Public Investment Fund (PIF) is characterized as beneficial, with plans progressing as intended [11][12]. Stock Performance - LCID stock surged approximately 20% following a Bloomberg interview with CEO Peter Rawlinson and due to high short interest, which stood at 251.51 million shares sold short, representing 29.24% of the float [6][9].

Lucid Motors (NASDAQ:LCID) is rising today after announcing a positive update. The electric vehicle (EV) producer has been enjoying an excellent month of steady growth. But today, LCID stock is in the green after CEO and CTO Peter Rawlinson spoke to Bloomberg TV about how Lucid's partnership with Saudi Arabia Public Investment Fund (PIF) is going extremely well. Specifically, he referred to the PIF as the "perfect long-term partner" for his company during its current phase of scaling production. This is exa ...

NEW YORK, July 11, 2024 /PRNewswire/ -- Lucid Diagnostics Inc. (Nasdaq: LUCD) ("Lucid" or the "Company"), a commercial-stage, cancer prevention medical diagnostics company, and majority-owned subsidiary of PAVmed Inc. (Nasdaq: PAVM), today announced the launch of its newly redesigned corporate website, www.luciddx.com. Lucid Diagnostics invites visitors to explore the new website. For more information, please visit www.luciddx.com and for more information about its parent company PAVmed, please visit www.pa ...

Additionally, LCID is recalling 2022-2024 Air sedans due to a faulty coolant heater that may fail to defrost the windshield, affecting 7,506 vehicles. Despite a low failure rate of 1.2%, Lucid has issued a software update to alert drivers if the High Voltage Coolant Heater (HVCH) malfunctions. Affected vehicles will receive a new HVCH at no cost. Cars manufactured from February 2023 onward are not impacted, as they have an upgraded coolant heater, and only 255 vehicles have yet to receive the new software. ...