Needham downgraded Lucid Group from Buy to Hold
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/11/2024 | $4.00 | Hold → Buy | R. F. Lafferty |
| 8/6/2024 | $4.00 | Underweight → Neutral | Cantor Fitzgerald |
| 4/22/2024 | $2.90 | Neutral | Citigroup |
| 2/22/2024 | $6.00 → $4.00 | Neutral → Underweight | Cantor Fitzgerald |
| 12/7/2023 | $5.00 | Hold | Stifel |
| 11/27/2023 | Buy → Hold | Needham | |
| 11/8/2023 | $10.00 → $5.00 | Buy → Hold | R. F. Lafferty |
| 11/8/2023 | $10.00 → $6.00 | Overweight → Neutral | Cantor Fitzgerald |
Produced 1,805 vehicles in Q3; on track for annual production of approximately 9,000 vehiclesDelivered 2,781 vehicles in Q3; up 90.9% compared to Q3 2023Q3 revenue of $200.0 millionGAAP net loss per share of $(0.41); non-GAAP net loss per share of $(0.28)Ended the quarter with approximately $5.16 billion in total liquiditySubsequent to the third quarter, completed a capital raise of approximately $1.75 billion in October 2024NEWARK, Calif., Nov. 7, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced financial results for its third quarter ended September 30, 2024. The earnings presentation is available on its investor re
Lucid Gravity Grand Touring starts at $94,900* and is available to order now, while Lucid Gravity Touring will start at $79,900*, with production scheduled for late 2025.Lucid Gravity delivers an expansive interior that comfortably seats up to seven adults and offers up to 120 cubic feet of cargo capacity.Grand Touring is projected to have more than 440 miles of range.1All standard and optional packages for Lucid Gravity Grand Touring can be found now on the "Design Yours" configurator at LucidMotors.com.NEWARK, Calif., Nov. 7, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced the availability of the Lucid Gravity Gran
Lucid Gravity Touring priced from $79,900, with Grand Touring trim priced from $94,900 and scheduled to start production in late 2024 NEWARK, Calif., Oct. 29, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced customer orders for the Lucid Gravity will open on November 7, 2024, at 9:00 am Pacific Time. Orders will initially be taken for the Grand Touring trim, priced from $94,900 and offering more than 800 horsepower and a projected range surpassing 440 miles.1 The Lucid Gravity Grand Touring is scheduled to begin production in late 2024 and the Lucid Gravity Touring is planned for late 2025, with pricing starting at $
4 - Lucid Group, Inc. (0001811210) (Issuer)
4 - Lucid Group, Inc. (0001811210) (Issuer)
4 - Lucid Group, Inc. (0001811210) (Issuer)
R. F. Lafferty upgraded Lucid Group from Hold to Buy and set a new price target of $4.00
Cantor Fitzgerald upgraded Lucid Group from Underweight to Neutral and set a new price target of $4.00
Citigroup resumed coverage of Lucid Group with a rating of Neutral and set a new price target of $2.90
Produced 1,805 vehicles in Q3; on track for annual production of approximately 9,000 vehiclesDelivered 2,781 vehicles in Q3; up 90.9% compared to Q3 2023Q3 revenue of $200.0 millionGAAP net loss per share of $(0.41); non-GAAP net loss per share of $(0.28)Ended the quarter with approximately $5.16 billion in total liquiditySubsequent to the third quarter, completed a capital raise of approximately $1.75 billion in October 2024NEWARK, Calif., Nov. 7, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced financial results for its third quarter ended September 30, 2024. The earnings presentation is available on its investor re
NEWARK, Calif., Oct. 7, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced production and delivery totals for the quarter ended September 30, 2024. During this period, Lucid produced 1,805 vehicles and delivered 2,781 vehicles, of which approximately 8% were subject to operating lease accounting.1 Lucid will host a conference call to discuss its third quarter 2024 financial results on Thursday, November 7, 2024, at 2:30 pm PT / 5:30 pm ET. Prior to the conference call, the company will issue an earnings p
Produced 2,110 vehicles in Q2; on track for annual production of approximately 9,000 vehiclesDelivered 2,394 vehicles in Q2; up 70.5% compared to Q2 2023Q2 revenue of $200.6 millionEnded the quarter with approximately $4.28 billion of total liquiditySeparately, announced a commitment of $1.5 billion today from an affiliate of the Public Investment Fund (PIF)NEWARK, Calif., Aug. 5, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced financial results for its second quarter ended June 30, 2024. The earnings presentation is available on its investor relations website (https://ir.lucidmotors.com).
NEWARK, Calif., June 25, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, announced the appointment of Nick Twork as Head of Global Communications. Twork will oversee Lucid's global communications team, which includes worldwide product, corporate, financial and internal communications; media relations; and social media. Twork will help Lucid's world-class executive team support and amplify the company's mission, working closely across all divisions internationally. He will report directly to Lucid CEO and CTO Peter Raw
Former Intel, National Grid Executive Brings Technology and Sustainability Leadership to the Company NEWARK, Calif., June 4, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced the election of Lisa M. Lambert to its board of directors effective immediately. Lambert was elected at Lucid's 2024 Annual Meeting of Stockholders and will bring extensive technology experience to Lucid after having led sustainability, infrastructure and technology projects at companies ranging from Intel to National Grid. "Lucid'
Experienced international automotive leader to guide Company's overarching legal strategy, as Lucid enters its next phase of growth NEWARK, Calif., Jan. 30, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), setting new standards for luxury electric experience with the Lucid Air, selected to Car and Driver's 10Best list for 2024, is pleased to announce the appointment of Matt Everitt as General Counsel. In this role, Mr. Everitt is responsible for overseeing Lucid Group's legal affairs globally and for providing strategic legal guidance to support the Company's ambitious gr
10-Q - Lucid Group, Inc. (0001811210) (Filer)
8-K - Lucid Group, Inc. (0001811210) (Filer)
8-K - Lucid Group, Inc. (0001811210) (Filer)
Lucid Group, Inc. (NASDAQ:LCID) shares are trading slightly higher on Thursday. According to Benzinga Pro, LCID stock has lost over 52% in the past year. Investors can gain exposure to the stock via IShares Self-Driving EV And Tech ETF (NYSE:IDRV) and IShares Self-Driving EV And Tech ETF (NASDAQ:RNEW). Related: Tesla Q2 Earnings Highlights: Revenue Beat, EPS Miss, Robotaxi Update, 2024 Growth Rate To Be ‘Notably Lower’ Than 2023 Today, Graphite One Inc. (OTC:GPHOF) inked a non-binding supply agreement with Lucid Group planning a complete domestic U.S. supply chain for advanced graphite materials. Read Also: US Economy Expands 2.8% In Q2, Tops Estimates; Weekly Jobless Claim Fall
The Supply Agreement is non-binding providing for 5,000 tpa once Graphite One commences production of synthetic graphite. The initial term is for 5 years, subject to earlier termination. Sales are based on an agreed price formula linked to future market pricing as well as satisfying base case pricing agreeable to both parties. The Supply Agreement is subject to other terms, conditions and termination rights standard for an agreement of this nature.
On Tuesday after market close, Tesla Inc (NASDAQ:TSLA) reported its second quarter results, missing earnings expectations. Upon the disappointing results, Tesla shares fell more than 8% during premarket trading on Wednesday, pulling down the shares of its rivals, Rivian Automotive Inc (NASDAQ:RIVN), Lucid Group Inc (NASDAQ:LCID), BYD Company Limited (OTC:BYDDY), Nio Inc (NYSE:NIO) and XPeng Inc (NYSE:XPEV). Second Quarter Highlights For the quarter that ended on June 30th, Tesla reported its automotive revenue dropped 7% YoY to $19.9 billion, marking its second straight quarter of YoY sales declines and first-ever consecutive quarters of declining sales volume. Tesla responded to slowin
4 - Lucid Group, Inc. (0001811210) (Issuer)
SC 13D/A - Lucid Group, Inc. (0001811210) (Subject)
SC 13D/A - Lucid Group, Inc. (0001811210) (Subject)
SC 13D/A - Lucid Group, Inc. (0001811210) (Subject)