In several ways, the 2024 story of the embattled electric vehicle (EV) maker Lucid Motors (NASDAQ: LCID) has been one of a major comeback. After suffering setback after setback in 2023 – including failing to reach delivery targets due to a decrease in demand, losing several key executives, and getting removed from the Nasdaq 100 index – the company spent much of the last 30 days rising in the stock market.The recovery has largely been driven by a string of programs and partnerships with a Saudi aluminum pro ...

With shares down 66% over the past 12 months, Lucid Motors (LCID 2.20%) stock is reeling from a combination of weak electric vehicle (EV) demand and operational underperformance. Despite making seemingly good cars, the company has been unable to unlock the scale it needs to cover its substantial cash outflows. Let's explore what the next five years could have in store for this struggling automaker. What has gone wrong in the EV industry?Several years ago, it seemed inevitable that EVs would quickly dominate ...

It’s no secret that this is not a good year for EV stocks like Rivian, Tesla, Mullen Automotive, Canoo (GOEV), and Lucid Motors as most of them have tumbled hard. In a previous article, I warned that these companies face a difficult time as China’s EV companies like Nio, BYD, and Li Auto boost their production.This is an important issue since China is known for driving lower prices of most items. In that article, I gave the example of steel whose price has crashed hard in the past few years. As a result, st ...

Based on reviews and accolades from trusted industry sources, it wouldn't be a stretch to say that Lucid Group (LCID 2.20%) produces some of the world's best electric vehicles (EVs). On the other hand, the company has had one of the worst-performing stocks of any credible player in the space.Lucid's share price is down roughly 94% from the high it reached after going public through a merger with a special purpose acquisition company in July 2021. Notably, the EV specialist is gearing up to release its fourt ...

The electric vehicle (EV) market is mature enough to have split into several segments. One of the signature companies occupying the luxury end of said market is Lucid Group (LCID 5.22%), whose sleek and future-friendly Air sedan currently retails for a cool $77,400... and that's just for the base model. Despite some lifts in their share prices recently, EV companies and their stocks have generally been on a rough ride for months now. EV sales growth is dipping, and the Federal Reserve doesn't seem as eager ...

Lucid LCID Chief Executive Peter Rawlinson will get a $6 million bonus related to the company’s launch of an electric SUV in November. The Newark, Calif.-based, luxury electric vehicle maker disclosed in a regulatory filing on Thursday that its board had approved the cash bonus, “in recognition of his significant contributions to this milestone achievement.” The... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. Sub ...

Lucid (LCID 5.22%) stock jumped 5.2% in Thursday's trading, according to data from S&P Global Market Intelligence, and an analyst's commentary may be part of the reason.Before the market opened, Morgan Stanley's Adam Jonas published a note on the luxury electric vehicle (EV) specialist. The analyst maintained an underweight rating on the company, but he said that tough conditions for the business were already priced into the stock.Lucid is scheduled to report fourth-quarter earnings after the market closes ...

Shares of Lucid Group (LCID 5.36%) were getting a bump today after Morgan Stanley issued a note on the stock that essentially said that the bear case for the luxury electric vehicle (EV) maker was already priced in heading into its fourth-quarter earnings report.The company also said today it is lowering prices on its Lucid Air EV between 1% and 10%, a reflection of falling prices in the industry.As a result, Lucid shares had gained 5.7% as of 3:25 p.m. ET on a day when EV stocks were up broadly. Maybe thin ...

On the surface, the latest news from premium electric vehicle (EV) manufacturer Lucid (NASDAQ:LCID) isn’t great. Earlier today, the company announced that it is lowering prices on its EVs for the third time in just seven months. This decision coincides with broader anxieties over the EV sector when it comes to demand and affordability issues. However, LCID stock is still driving up 6% today, carrying short-squeeze risk for bearish traders.According to Seeking Alpha, the company’s base model Lucid Air Pure w ...

Lucid is committed to reducing the most common barriers for prospective EV drivers: Price and Ease of Ownership Lucid Air Pure now priced from $69,900; Air Touring from $77,900; Air Grand Touring from $109,9001 Two years of scheduled maintenance included with every new Lucid Air at no additional cost New charging allowance of $1,000 towards the Lucid charging accessory of the customer's choosing NEWARK, Calif., Feb. 15, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury ...