There were some big news items making the rounds in the electric vehicle (EV) sector this week, and several stocks have been volatile as a result. Luxury EV maker Lucid Group (LCID 2.09%) is one of them.Lucid stock has dropped by about 13% so far this week, even when factoring in its bounce Friday morning. That's because another EV start-up got a big upgrade. Analyst Alexander Potter at Piper Sandler moved Rivian Automotive shares from a hold rating to a buy early Friday, saying the stock could double. Luci ...

Premium electric vehicle (EV) manufacturer Lucid Group (NASDAQ:LCID) is seeing shares dip 5% following an interesting announcement. Earlier today, the company stated that it will partner with NeueHouse, a private work and social home for “creative and professional progress.” Still, the unusual nature of the collaboration may be sparking concern among LCID stock investors.Essentially, NeueHouse is a workspace provider. To be sure, the company offers a unique take, integrating iconic buildings, cultural event ...

Lucid Group (LCID) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this an electric vehicle automaker have returned -12.1%, compared to the Zacks S&P 500 composite's +3.2% change. During this period, the Zacks Automotive - Domestic industry, which Lucid Group falls in, has lost 5.2%. The key question now is: What could be the stock's future directi ...

Just when you thought the news couldn’t get any worse for electric vehicle manufacturer Lucid Group (NASDAQ:LCID), it seems like there are always more negative surprises around the corner. In a time when the EV industry is rife with challenges, the last thing you need to do is risk your hard-earned capital on LCID stock.Lucid only produced 8,428 vehicles in 2023 after previously guiding for “more than 10,000” vehicles. It only expects to produce “approximately 9,000” vehicles this year. Are recent developme ...

Lucid (LCID -2.34%) stock has disappointed a lot of investors since its public debut in July 2021. The maker of luxury electric sedans went public by merging with a special purpose acquisition company (SPAC), and its stock started trading at $25.24 before more than doubling to its all-time high of $55.52 four months later.Before it went public, Lucid claimed it could produce 20,000 vehicles in 2022 and 49,000 vehicles in 2023. But in reality, it only produced 7,180 vehicles in 2022 and 8,428 vehicles in 202 ...

LCID (NASDAQ:LCID) stock is having a rough year thus far with the stock down nearly 25% YTD. The electric vehicle company has failed to meet investor expectations and their long term growth prospects remain questionable. Lucid has had itself an abysmal operational year in 2023, failing to meet its vehicle delivery targets. Additionally, the company continues to lose money hand over fist after reporting loss from operations of $2.83 billion in FY23. Bears have every reason to be pessimistic, and the company ...

Is Lucid (NASDAQ:LCID) stock worth only $3 per share? That’s what RBC analyst Tom Narayan thinks, as he lowered his price target to $3 from $6 this morning. Narayan believes that Lucid has a technological advantage over its other electric vehicle (EV) peers. However, the company has been unable to attract sufficient demand due to an EV price war and limited visibility. For example, Lucid guided for the production of between 10,000 and 14,000 vehicles at the beginning of 2023. Actual 2023 production was only ...

Shares of Lucid (NASDAQ:LCID) stock are in the spotlight after the Financial Times caught up with CEO Peter Rawlinson at the Geneva Motor Show. During the conversation, Rawlinson admitted that the electric vehicle (EV) company would need to raise additional capital, saying: “It’s inevitable we need to raise in the future, it’s just a question of when.”Saudi Arabia’s Public Investment Fund (PIF) has been a prominent supporter of the company, investing in every single fundraising round that Lucid has enacted. ...

The electric vehicle (EV) market continues to face an imbalance between supply and demand, resulting in lower prices and falling margins for automakers. Over the weekend, Tesla (TSLA -6.74%) and BYD continued their price war with Tesla giving incentives of nearly $5,000 to buyers through the end of March. Investors didn't react kindly and it wasn't just Tesla that was impacted, although shares were down as much as 7.9% in trading on Monday. Shares of Rivian Automotive (RIVN -3.44%) also dropped 7% and Lucid ...

NIO (NIO) is set to release fourth-quarter 2023 results on Mar 5, before market open. The results will primarily center around the company’s vehicle deliveries. While fourth-quarter deliveries perform well and beat our model estimates, rising expenses might act as a spoiler.Before we delve into the factors that are set to shape its upcoming results, here’s a snapshot of its third-quarter 2023 earnings report.(Also read: Will Higher-Than-Expected Deliveries Boost NIO's Q4 Earnings?)Q3 HighlightNIO incurred a ...