Lucid Group Inc Stock News

Electric vehicle (EV) stock Xpeng Inc (NYSE:XPEV) is down 9.4% to trade at $22.67 at last check, brushing of a bottom-line win for the third quarter as well as record deliveries, after the company issued a dismal fiscal fourth-quarter outlook amid fierce competition.

Tariff costs are trending lower, and the U.S. administration is extending relief. Tesla is in a major transition moving towards AI, robotics, and self-driving vehicles.

Record deliveries drove Lucid's revenue 68% higher during the third quarter. Lucid fell short of Wall Street estimates on both the top and bottom lines.

NEWARK, Calif. , Nov. 12, 2025 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID) today announced the pricing of its offering of $875,000,000 aggregate principal amount of 7.00% convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.

Transaction Highlights Launched $875,000,000 aggregate principal amount of Convertible Senior Notes due 2031 Lucid expects to grant the initial purchasers an option to purchase up to an additional $100,000,000 aggregate principal amount of notes for settlement within a 13-day period of the issuance of the notes Intends to repurchase a portion of the existing 1.25% convertible notes due in 2026 ...

Tesla remains the king of EV stocks. Two other companies may soon emerge as major competitors.

The struggling EV maker actually wants to become a tech supplier. This transformation could chart a path of growth for other EV companies.

Lucid said it will have a Level 4 autonomous vehicle available for sale in the coming years. No other automaker is currently at that level, and Lucid isn't a leader in semi-autonomous vehicles.