There’s been some positive Lucid Group (NASDAQ:LCID) stock, but it hasn’t translated into a positive and permanent change in price trends. Shares initially rallied on better-than-expected deliveries, but quickly reversed. The stock reached a new 52-week low recently.Investors may have absorbed the delivery-beat news and are once again focusing on the largest issues affecting the performance of the company and its shares. Despite the stock being “priced for disaster,” these problems will persist. A further s ...

Though the entire electric vehicle (EV) industry has been suffering in the cold grip of the EV winter, few have fallen as low as Lucid Motors (NASDAQ: LCID).Indeed, despite making several attempts at breaking out and reversing the trend, the luxury manufacturer remains substantially below its old highs, start-of-year prices, and even below its value at the time of the initial public offering (IPO).Still, the situation was not always so dire and LCID was once considered promising enough that many investors – ...

Upscale luxury manufacturer Lucid Motors (NASDAQ:LCID) — which focuses exclusively on electric vehicles (EVs) aimed at Tesla (NASDAQ:TSLA) — has been struggling throughout this week. Fundamentally, both the company and the underlying industry suffer from two significant headwinds. With little relief in sight, investors have backed away from LCID stock.First, Lucid is reeling from a price war that Tesla initiated. While the cynical action was geared toward weakening the competition, as InvestorPlace’s Louis ...

Investors in the electric vehicle (EV) sector have witnessed a volatile year for Lucid Motors (NASDAQ: LCID) stock in 2024. Despite exceeding analyst expectations for vehicle deliveries in Q1, LCID’s share price has continued to decline. However, a recent analyst prediction by John Murphy of Bank of America offers a potential counterpoint. While Murphy recently revised LCID price target downward, from $4.50 to $3.50, he still forecasts a significant 30% upswing for LCID stock from its current price.This int ...

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It hasn’t exactly been a good year for Lucid (NASDAQ:LCID) stock. Shares of the pure-play electric vehicle (EV) company are down by about 35% so far in 2024 amid an EV price war, high interest rates and a current preference for hybrids over EVs.Yesterday, Lucid reported its first-quarter delivery and production metrics. The company’s deliveries grew by 40% year-over-year (YOY) to 1,967 vehicles, beating the analyst estimate for 1,745 vehicles. However, Q1 production of 1,728 vehicles missed the analyst esti ...

Despite once garnering enough enthusiasm to gain a significant investment – and an ownership stake – from the Saudi Arabian Sovereign Wealth Fund, Lucid Motors (NASDAQ: LCID) has been facing significant adversity in more recent months.The electric vehicle (EV) maker has, despite implementing a variety of measures, seen dropping sales and a matching stock market price – so much so that LCID shares have lost nearly 70% of their value in the last 52 weeks.Lucid, however, may have just received a second wind as ...

Key TakeawaysElectric vehicle maker Lucid Group announced first-quarter vehicle deliveries of 1,967, a record high figure that exceeded estimates.Sales got a boost from price cuts announced in February.Production in Q1 slipped to 1,728, some 400 short of estimates and well below the previous quarter’s 2,391. Lucid Group (LCID) shares gained ground Tuesday as the luxury electric vehicle (EV) manufacturer delivered more cars than expected in the first quarter as it cut prices, although production slowed. The ...

Lucid delivered nearly 2,000 luxury electric sedans in the first quarter, helping to drive down inventory.Shareholders of Lucid Group (LCID 2.46%) haven't had much to cheer about over the past year. The stock of the luxury electric vehicle (EV) maker has plunged 65% in the last 12 months. But shares got a bump today after the company reported its first-quarter production and delivery results.Those figures appear to be more than what investors expected. Lucid stock jumped more than 6% on the news. As of 11:1 ...

Lucid Motors delivered more EVs in the first quarter of 2024 than it has in any other quarter, though it set the record by a very slim margin.The Saudi-backed, California-based electric vehicle company said Tuesday morning that it shipped 1,967 luxury sedans in the quarter. That’s just a few more than it shipped in the fourth quarter of 2022, when it set its previous record of 1,932 deliveries. The company said it built just 1,728 sedans in the first quarter, though, meaning it will need to boost production ...