The company is growing deliveries but is still a subscale automotive player.The 2020 and 2021 stock market bubble brought many companies public that should have stayed private. Specifically, a lot of electric vehicle (EV) stocks with shaky business models.People wanted to copy Tesla, and investors were fueling the EV makers with absurd levels of funding. It was a fun time. Well, maybe only if you didn't buy the stocks.One company still kicking around is Lucid Group (LCID). The aspiring luxury EV brand went ...

Lucid Group, Inc. NASDAQ: LCID has made headlines with its recent stock sale, raising a staggering $1.75 billion. CEO Peter Rawlinson has confidently declared that this will fuel the company’s operations "well into 2026," allowing them to ramp up production of the Gravity SUV and launch new models. However, investors are hesitant, as Lucid's stock price has fallen over 30%. Is this stock sale a strategic move toward dominance in the electric vehicle (EV) automotive sector or a desperate attempt to stay aflo ...

Interest rates and the anticipation of big news from Tesla played roles in Lucid stock's moves Wednesday.Lucid (LCID -4.60%) stock lost ground in Wednesday's trading. The company's share price closed out the daily session down 4.6% and had been down as much as 5.4% earlier in the day.Lucid stock fell in today's daily trading as investors weighed the possibility that the Federal Reserve will adopt a slower-than-anticipated pace for interest rate cuts. The market was also feeling jittery about electric vehicl ...

Lucid Group (LCID) has been on a downward spiral lately with significant selling pressure. After declining 24.6% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock ...

A large secondary stock offering and a weak preliminary earnings report disappointed investors. Shares of Lucid Group (LCID -15.55%) shifted into reverse Thursday after the electric vehicle (EV) maker announced a secondary stock offering and released disappointing preliminary results for the third quarter Wednesday night. As of 12:41 p.m. ET, the stock was down 15.2%. Lucid faces more skepticism Investors tend to dislike secondary stock offerings as they dilute existing shareholders, and the weak thirdquart ...

Key Takeaways Lucid Group announced it would be selling approximately 637 million shares in a public offering and to its largest shareholder. The struggling electric vehicle maker said the money raised would be used for general corporate purposes, which may include capital expenditures and working capital. Lucid also reported that it anticipates a third-quarter loss greater than analysts' forecasts. Shares of Lucid Group (LCID) plunged Thursday as the struggling luxury electric vehicle (EV) maker announced ...

Lucid Group Today LCID Lucid Group $2.74 -0.54 (-16.46%) 52-Week Range $2.29 ▼ $5.31 Price Target $3.71 Add to Watchlist If you've been wondering when Lucid Motor's NASDAQ: LCID downtrend will resume and how deep the stock price can go, the answers are soon and much deeper. The latest news is more of the same as what was issued earlier in the year, resulting in increased dilution and reduced investor confidence. The news is the public offering of 262,000,000 million shares and an offsetting issuance to Luci ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

NEWARK, Calif., Oct. 17, 2024 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID; "Lucid") announced today that it priced its underwritten public offering of 262,446,931 shares of its common stock. The underwriter may offer the shares of common stock from time to time for sale in one or more transactions to purchasers directly, through agents or through brokers in brokerage transactions on Nasdaq, in the over-the-counter market, through negotiated transactions or in a combination of such methods, or otherwise ...

Core Viewpoint - Lucid Motors is facing significant stock market challenges in 2024, with a notable decline of 14.94% following a new share offering announcement, which has raised concerns among investors about stock dilution [1][2]. Group 1: Stock Performance and Market Reaction - Lucid Motors' stock price fell to $2.79 after the announcement of a new offering of over 262 million shares, with an additional option for underwriters to purchase more than 39 million shares [1][2]. - The stock has experienced a year-to-date decline of 20.96%, and a 66.84% drop from its IPO price, indicating ongoing struggles in maintaining investor confidence [6][8]. - Despite a brief rally following a strong Q3 production report, the stock's performance has been volatile, with a 13.23% decline in the last 30 days [6][8]. Group 2: Production and Delivery Insights - In Q3, Lucid shipped 2,781 vehicles, surpassing forecasts of 2,242, but produced only 1,805 vehicles, which was 300 fewer than the previous quarter and 400 below expectations [3][4]. - The company missed its delivery target for the first half of 2024 by approximately 90%, delivering only 4,361 vehicles against a projected 90,000 [4]. Group 3: Investor Sentiment and Future Outlook - Investor confidence is largely supported by the backing of the Saudi Arabian Public Investment Fund (PIF), which has pledged to purchase nearly 375 million shares to maintain its stake [2][6]. - Despite the challenges, there remains hope for Lucid's recovery, as evidenced by its ability to generate excitement through product showcases and partnerships, such as the introduction of the Lucid Air model to Four Seasons [5].