Lucid Group Inc Stock News

It's been an eventful week for investors in Lucid Group (LCID -1.12%). The electric vehicle (EV) stock was already tanking ahead of earnings after getting a massive analyst downgrade when it dealt a big blow to investor confidence by announcing its CEO's sudden departure.

Lucid's Q4 results showed better-than-expected revenue growth and a smaller-than-expected loss, but cash burn worsened. With a forecast of 20,000 units for 2025, Lucid's long-term ambitions remain unmet, with a valuation significantly higher than industry peers. The company's financial situation is precarious, with ongoing large losses and a potential need for additional capital raises despite ...

Lucid's stock dropped over 10% despite a strong Q4 due to CEO Peter Rawlinson's departure, raising concerns about future development delays. Lucid reported a 79% y/y increase in vehicle deliveries and a 49% y/y revenue jump, with an optimistic FY25 outlook driven by strong orders for the new Lucid Gravity SUV. Despite competition and risks, Lucid's potential to license its superior battery tech...

Electric vehicles (EVs) are in rough terrain. While U.S. EV sales rose 7% last year to 1.3 million in the U.S., the Trump administration's not-so-friendly stance toward electric vehicles has spooked some investors and ignited concerns that growth among EV makers could be stifled.

Lucid Motors (NASDAQ: LCID) has continued to face headwinds since its 2021 IPO, falling short on production and delivery targets while battling mounting financial losses and stock dilution concerns.

Lucid Group beat Q4 estimates on the top and bottom line. Despite 71% annual delivery growth in FY 2024 and the launch of the Lucid Gravity SUV, Lucid's absolute delivery volume remains low compared to competitors. Lucid's FY 2025 guidance of 20,000 vehicle deliveries is quite strong and implies a near-doubling of deliveries year-over-year.

Despite Lucid Group (NASDAQ:LCID) driving higher after hours following its fourth-quarter earnings report that was released on Tuesday, Feb.

Shares of electric vehicle maker Lucid Group were down more than 10% Wednesday following a downgrade of the company's stock by Bank of America and the abrupt departure of CEO Peter Rawlinson. The company is in search of a new CEO, stirring uncertainty among Wall Street analysts.