Lucid Group Inc Stock News

Lucid (NASDAQ: LCID) has become something of a posterchild for the troubles facing West-based electric vehicle (EV) makers that are not Tesla (NASDAQ: TSLA).

24/7 Wall St. Insights The end of a $7,500 federal tax credit for buying an electric vehicle could be the end of EV maker Lucid Group Inc.

Lucid is stuck in first gear and struggling to get going.

Why Lucid Stock Soared Today

Investors may be worried about President-elect Donald Trump's pick to run the EPA.

Lucid Group, Inc.'s top-end Air Saphire model is impressive but costly, and the company struggles with massive losses and insufficient lower-end model sales. Despite beating revenue and EPS estimates, Lucid's Q3 loss was nearly $1 billion, with a cash burn rate of $310M monthly. Continuous dilution and staggering losses raise concerns, with Lucid's share count doubling since 2021 and stock pric...

MARKHAM, Ontario--(BUSINESS WIRE)--In another strategic move that strengthens their portfolio, SCI Lease Corp, a leading Canadian automotive leasing company, announces a partnership with California-based Lucid, maker of the world's most advanced electric vehicles. “We are excited to add Lucid to the elite list of automotive manufacturers we partner with who provide an industry leading, stand-al...

Lucid Group, Inc. beat top and bottom-line expectations for Q3 last week and is unfortunately seeing expanding losses on an operating and net income level. The EV maker confirmed its annual production target of 9,000 EVs, however. Lucid's valuation is difficult to justify given its huge losses and reliance on steady capital raises, making it a highly speculative investment.