Date | Price Target | Rating | Analyst |
---|---|---|---|
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 |
9/8/2023 | $6.00 | Sector Perform | RBC Capital Mkts |
9/6/2023 | $7.00 | Neutral | Robert W. Baird |
8/11/2023 | $5.00 | Neutral → Underperform | Exane BNP Paribas |
CASA GRANDE, Ariz., Sept. 10, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, showcased the forthcoming Lucid Gravity SUV, its enabling technologies, and presented an independent third party analysis of the cost effectiveness of manufacturing these innovations at its Technology & Manufacturing Day, held today at the company's Arizona factory. Additionally, Lucid announced that through August 31, 2024, the company has already delivered more cars in 2024 than in all of 2023. "Today demonstrates how the Lucid Gravity is
DreamDrive™ Pro, Lucid's optional Advanced Driver Assistance System (ADAS), is augmented with Lane Change Assist, 3D lane visualization, and curve control.A new Lucid Assistant voice control system allows easier voice control of navigation and audio systems, climate control, heated seats, and more.Updated software includes more than a dozen other updates, enhancements, and fine tuning requested by Lucid Air owners.NEWARK, Calif., Sept. 9, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today launched Lucid UX 2.4, a major software update for the Lucid Air. It introduces an enhanced version of DreamDrive Pro, Lucid's optional Advance
NEWARK, Calif., Sept. 5, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced that Peter Rawlinson, CEO and CTO, will participate in a fireside chat at the Morgan Stanley 12th Annual Laguna Conference on Thursday, September 12. The session is scheduled for 2:35 pm PT and will be webcast live on Lucid's investor relations website at https://ir.lucidmotors.com. A replay of the webcast will be available for 60 days following the live presentation. About Lucid Lucid (NASDAQ:LCID) is a Silicon Valley-based techn
NEWARK, Calif., Sept. 4, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, will host a Technology & Manufacturing Day on Tuesday, September 10, which will be livestreamed direct from Lucid's Arizona factory (AMP-1). The event will showcase the forthcoming Lucid Gravity SUV, its enabling technologies, and provide an analysis of the cost effectiveness of manufacturing these innovations. Invited participants will then tour the factory and experience rides in the Lucid Gravity and the Lucid Air Sapphire. "Lucid Gravity has
NEWARK, Calif., Aug. 20, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, announced today that Lucid Financial Services has introduced leasing to its portfolio of finance options in Canada. Customers in Canada can now access flexible, transparent, and competitive leasing options, giving them even more ways to get behind the wheel of the groundbreaking Lucid Air, with up to 824km of NRCan-estimated range1. "Not all electric vehicles are created equal, and now Canadian customers can experience the unrivaled performance a
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).
$750 Million Convertible Preferred Investment and $750 Million Delayed Draw Term Loan NEWARK, Calif., Aug. 5, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID) ("Lucid") announced today that it has entered into agreements with its majority stockholder, Ayar Third Investment Company ("Ayar"), an affiliate of the Public Investment Fund ("PIF"), to (i) purchase $750 million of convertible preferred stock via private placement, and (ii) provide for a $750 million unsecured delayed draw term loan facility, subject to certain terms and conditions (the "Delayed Draw Term Loan Facility").
Graphite One-Lucid agreement marks the first step in a 100% U.S.-based supply chain linking Alaska, Ohio and Arizona VANCOUVER, BC, July 29, 2024 /PRNewswire/ - Graphite One Inc. (TSXV:GPH) (OTCQX:GPHOF) ("Graphite One", "G1" or the "Company"), planning a complete domestic U.S. supply chain for advanced graphite materials, took part on July 25, 2024 in a briefing held at the U.S. Capitol announcing a non-binding supply agreement ("Supply Agreement") with Lucid (NASDAQ:LCID), maker of the world's most advanced electric vehicles, for anode active materials (AAM). Creation of an
Graphite One-Lucid agreement involves Synthetic Anode Active Materials Graphite One CEO Anthony Huston: This is "a historic moment…: The first synthetic graphite agreement between a U.S. graphite developer and a U.S. EV company" Lucid CEO Peter Rawlinson: "We are committed to accelerating the transition to sustainable vehicles and the development of a robust domestic supply chain ensures the United States, and Lucid, will maintain technology leadership in this global race" VANCOUVER, BC, July 25, 2024 /PRNewswire/ - Graphite One Inc. (TSXV:GPH) (OTCQX:GPHOF) ("Graphite One", "G1" or the "Company"), planning a complete domestic U.S. supply chain for advanced graphite materials, announced toda
The new 2025 Lucid Air Pure is the most efficient and thus most sustainable vehicle made, with 420 miles of EPA-estimated range, a powerful new infotainment processor, and heat pump as standard, still priced from just $69,900. NEWARK, Calif., July 16, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced updates for the 2025 model year that further raise the bar, enabling a landmark 5.0 miles per kilowatt hour of energy and record 146 MPGe EPA rating for the Air Pure. The heat pump first employed on Lucid Sapphire now becomes standard across the lineup, improving real-world range, while a powerful new infotainment processo
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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
Lucid Group Inc (NASDAQ:LCID) shares are trading lower by 4.46% to $3.32 during Wednesday’s session. The stock is down possibly in sympathy with Tesla Inc following the company’s mixed second-quarter earnings. Tesla said it expects 2024 vehicle volume growth lower than 2023. Why This Matters To LCID Investors Tesla’s results and outlook can significantly influence the perception of the entire electric vehicle (EV) market. When the leading EV maker reports lower-than-expected earnings, declining automotive revenue and a forecast for slower growth, it can create a negative sentiment around the EV sector as a whole. Tesla’s earnings per share (EPS) missed analyst estimates, and the com
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume AMZN CALL SWEEP BULLISH 07/26/24 $187.50 $48.6K 11.3K 32.3K LCID PUT TRADE BULLISH 12/18/26 $1.00 $1.
Cantor Fitzgerald analyst Andres Sheppard reiterates Lucid Gr (NASDAQ:LCID) with a Underweight and maintains $4 price target.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TSLA PUT SWEEP BULLISH 07/19/24 $245.00 $26.3K 16.6K 99.6K GME CALL SWEEP BULLISH 07/26/24 $28.00 $28
Investors with significant funds have taken a bearish position in Lucid Gr (NASDAQ:LCID), a development that retail traders should be aware of. This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in LCID usually indicates foreknowledge of upcoming events. Today, Benzinga's options scanner identified 16 options transactions for Lucid Gr. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 37% being bullish and 43% bearish. Of all the options we discovered, 15 are puts, valued at $731,898, and there was a single call, w
Cantor Fitzgerald analyst Andres Sheppard reiterates Lucid Gr (NASDAQ:LCID) with a Underweight and maintains $4 price target.
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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
Cantor Fitzgerald downgraded Lucid Group from Neutral to Underweight and set a new price target of $4.00 from $6.00 previously
Stifel initiated coverage of Lucid Group with a rating of Hold and set a new price target of $5.00
Needham downgraded Lucid Group from Buy to Hold
R. F. Lafferty downgraded Lucid Group from Buy to Hold and set a new price target of $5.00 from $10.00 previously
Cantor Fitzgerald downgraded Lucid Group from Overweight to Neutral and set a new price target of $6.00 from $10.00 previously
RBC Capital Mkts initiated coverage of Lucid Group with a rating of Sector Perform and set a new price target of $6.00
Robert W. Baird initiated coverage of Lucid Group with a rating of Neutral and set a new price target of $7.00
Exane BNP Paribas downgraded Lucid Group from Neutral to Underperform and set a new price target of $5.00
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
Sporty and stylish, the Lucid Air Pure RWD boasts an exceptional combination of range, driver-oriented performance, and innovative design.The Lucid Air Pure RWD is available for order immediately at a starting price of $77,400*.Lucid's ultra-efficient EV technology delivers greater range and performance without the cost and weight of ever-larger battery packs.NEWARK, Calif., Dec. 5, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), pioneering a new era of luxury electric experience with the Lucid Air, today revealed that after a rigorous evaluation process Car and Driver has selected the Lucid Air Pure to join its esteemed 10Best List for 2024, which recognizes vehicles that have impress
Newly created position will lead software engineering for the award-winning Lucid Air including ADAS, Audio, Infotainment, Embedded Software and Systems Architecture NEWARK, Calif., Aug. 25, 2022 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), setting new standards with the longest-range, fastest-charging electric car on the market with the award-winning Lucid Air, today announced the appointment of Derrick Carty as Vice President of Platform Software Engineering, reporting directly to Michael Bell, Lucid's Senior Vice President of Digital. In this newly created role, Mr. Carty will lead Platform Software Engineering encompassing ADAS, Audio, CoreOS/Android Framework, Embedded Software, Con
Newly created position will lead operations, including supply chain, logistics, manufacturing, and quality NEWARK, Calif., Aug. 3, 2022 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), setting new standards with the longest-range, fastest-charging electric car on the market with the award-winning Lucid Air, today announced the appointment of Steven David as Senior Vice President of Operations, reporting directly to Peter Rawlinson, Lucid's CEO and CTO. In this newly created role, Steven will lead operations encompassing supply chain, logistics, manufacturing, and quality. Mr. David brings decades of global experience and operational excellence from companies such as Stellantis and Chrysler,
NEWARK, Calif., Dec. 23, 2021 /PRNewswire/ -- Lucid Group (NASDAQ:LCID), which is setting new standards with its advanced luxury electric vehicles (EVs), today announced the appointment of Gagan Dhingra as Vice President of Accounting and Principal Accounting Officer, and Mustally Hussain as Managing Director, Global Treasurer and Head of Financial Services. Together, they bring decades of strategic leadership experience in building accounting and financial functions at various multi-national organizations. LCID) today announced the appointment of Gagan Dhingra as Vice President of Accounting and Principal Accounting Office
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., July 8, 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 June 30, 2024. Lucid produced 2,110 vehicles and delivered 2,394 vehicles during this period.1 Lucid will host a conference call to discuss its second quarter 2024 financial results on Monday, August 5, 2024, at 2:30 pm PT / 5:30 pm ET. Prior to the conference call, the company will issue an earnings press release with a link to the live webcast on its investor relations websit
Produced 1,728 vehicles in Q1; on track for annual production of approximately 9,000 vehiclesDelivered 1,967 vehicles in Q1, up 39.9% compared to Q1 2023Q1 revenue of $172.7 millionSuccessfully raised $1.0 billion via private placement to an affiliate of the Public Investment Fund (PIF)Ended the quarter with approximately $5.03 billion of total liquidityNEWARK, Calif., May 6, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced financial results for its first quarter ended March 31, 2024. The earnings presentation is available on its investor relations website (https://ir.lucidmotors.com).
NEWARK, Calif., April 9, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), setting new standards for luxury electric experience with the Lucid Air, America's most awarded new luxury vehicle1, today announced production and delivery totals for the quarter ended March 31, 2024. Lucid produced 1,728 vehicles and delivered 1,967 vehicles during this period.* Lucid will host a conference call to discuss its first quarter 2024 financial results on Monday, May 6, 2024, at 2:30 pm PT / 5:30 pm ET. Prior to the conference call, the company will issue an earnings press release wit
Delivered 1,734 vehicles in Q4 and 6,001 vehicles in 2023, up 37% compared to full year 2022Produced 2,391 vehicles in Q4 and 8,428 vehicles in 2023, meeting the higher-end of 2023 annual production guidance of 8,000 to 8,500 vehiclesQ4 revenue of $157.2 million and annual revenue of $595.3 millionEnded the quarter with approximately $4.78 billion of total liquidityLucid is embarking on the Company's next transformational phase, with the expansion of its vehicle lineup and total addressable market2024 production guidance of approximately 9,000 vehiclesNEWARK, Calif., Feb. 21, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), setting new standards for luxury electric experience with the L
NEWARK, Calif., Jan. 11, 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, today announced production and delivery totals for the quarter ended December 31, 2023. Lucid produced 2,391 vehicles during Q4 and delivered 1,734 vehicles during the same period.* On a full year basis in 2023, the company produced 8,428 vehicles and delivered 6,001 vehicles. Lucid will host a conference call to discuss its fourth quarter 2023 financial results on Wednesday,
NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Nasdaq (NASDAQ:NDAQ) today announced the results of the annual reconstitution of the Nasdaq-100 Index® (NASDAQ:NDX), which will become effective prior to market open on Monday, December 18, 2023. The following six companies will be added to the Index: CDW Corporation (NASDAQ:CDW), Coca-Cola Europacific Partners plc (NASDAQ:CCEP), DoorDash, Inc. (NASDAQ:DASH), MongoDB, Inc. (NASDAQ:MDB), Roper Technologies, Inc. (NASDAQ:ROP), and Splunk Inc. (NASDAQ:SPLK). The Nasdaq-100 Index® is composed of 100 of the largest non-financial companies listed on The Nasdaq Stock Market® and dates to January 1985 when it was launched along with the Nasdaq Fina
Q2 revenue of $150.9 million driven by customer deliveries of 1,404 vehicles in the quarterBolstered balance sheet to $6.25 billion in total liquidity as of June 30, 2023Aston Martin selected Lucid to supply powertrain and battery system technology – contracts worth in excess of $450 million – further validating Lucid's superior technologyOriginal pricing reinstated with the Lucid Air All Wheel Drive starting at $82,400Finalized purchase agreement with Government of Saudi ArabiaStart of production for the Lucid Air Sapphire and the Lucid Air Pure Rear Wheel Drive on track for mid-SeptemberThe Lucid Gravity unveiling in November; start of production on track for late 2024NEWARK, Calif., Aug.
NEWARK, Calif., July 12, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced production and delivery totals for the quarter ended June 30, 2023. Lucid produced 2,173 vehicles during Q2 at its manufacturing facility in Arizona and delivered 1,404 vehicles during the same period.* In addition, the company began material shipments to the Kingdom of Saudi Arabia. Lucid will host a conference call to discuss its second quarter 2023 financial results on Monday, August 7, 2023, at 2:30 pm PT / 5:30 pm ET. Prior to the conference call, the company will issue an earnin
NEWARK, Calif., May 8, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced financial results for its first quarter ended March 31, 2023. Lucid reported first quarter revenue of $149.4 million, having produced 2,314 vehicles at its manufacturing facility in Arizona and delivered 1,406 vehicles during the same period. Lucid plans to manufacture more than 10,000 vehicles in 2023 and ended the quarter with approximately $4.1 billion total liquidity, which is expected to fund the Company at least into the second quarter of 2024. "We are on track to produce over 10