Why Lucid Stock Is Skyrocketing Today
Lucid stock is roaring higher after it was announced that the company's Air vehicles will soon be compatible with Tesla's Supercharger network.
Owners of Lucid's Air vehicles will be able to use Tesla's charging network starting July 31.
This win comes on the heels of a big robotaxi partnership with Uber.
10 stocks we like better than Lucid Group ›
The stock of Lucid Group (NASDAQ: LCID) is surging in Tuesday's trading despite moderate bearish momentum for the broader market. The company's share price was up 8.9% as of 12:30 p.m. ET. Meanwhile, the S&P 500 was down 0.1%, and the Nasdaq Composite had fallen 0.7%.
The electric vehicle (EV) specialist's valuation is getting a big boost today following news that its Air vehicle models will become compatible with Tesla's Supercharger network. The news comes on the heels of an announcement that Lucid has formed a robotaxi partnership with Uber, and the EV company's stock is now up roughly 41% over the last month.
Image source: Getty Images.
Lucid stock soars on Tesla Supercharger news
All Lucid Air models will become compatible with Tesla's charger network on July 31. Thanks to a new charger adapter that has been approved by Lucid, Air owners will gain access to more than 23,500 charger stations.
Tesla has by far the largest network of charging stations, and the new compatibility stands to make vehicle charging significantly more convenient for Air owners. It also has the potential to make Lucid's Air EVs significantly more attractive to prospective buyers.
What's next for Lucid?
Lucid has been racking up some significant wins recently. As part of their robotaxi partnership, Uber will be purchasing 20,000 or more of its vehicles and outfitting them with autonomous driving technologies from Nuro.
With the company having delivered only 10,241 vehicles last year, the deal with Uber looks to be a significant sales catalyst even if purchases will be spread out over a six-year period. Uber has also invested $300 million in the company, and it's possible that Lucid's vehicles being part of its EV fleet will wind up creating broader sales catalysts as more potential buyers become aware of its vehicles.
Should you buy stock in Lucid Group right now?
Before you buy stock in Lucid Group, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Lucid Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 minutes ago
- Yahoo
Want to buy a house in Massachusetts? You'll need to earn the highest amount of any state.
Massachusetts residents looking to become homeowners need the highest annual income of any state in the country to achieve that dream, according to a new analysis by Massachusetts is the third least affordable place for the typical household to buy a median-priced home, according to Aug. 1 report. The rankings are based off an analysis that compared the minimum recommended household annual income to afford a median-priced home in the state with the actual state median income. The minimum recommended income was calculated by using the '30% rule,' or that a household should not spend more than 30% of its gross monthly income on housing costs. The affordability gap was calculated by subtracting the actual annual income from the minimum recommended income to afford a median-priced home and dividing it by the actual income. The analysis of July data found that affordability gaps ranged from 0.6% to 138%, with Massachusetts near the top at 114%. How much do you need to earn in Massachusetts to buy a home? According to analysis, Massachusetts homebuyers need to earn $210,074 a year to comfortably afford the median list price in the state of $797,000. It was the highest minimum required income and median list price in the U.S. as of July. But the actual median income in the state, according to the report, is $98,170: about $112,000, or 114%, less than the income needed to afford a house in Massachusetts. That ranks it third on the list of least affordable states. In which states do buyers need the highest incomes to purchase a home? Montana is the least affordable place to buy a home, according to the analysis. The median household income needed to buy a home in Montana is $171,301 as the median home price is $649,900. However, the median income is $72,066 – about 138% less than the minimum recommended income. "Montana's housing market has grown expensive due to an influx of out-of-state buyers, especially during and after the [COVID-19] pandemic, seeking remote work-friendly, scenic, and less densely populated areas," said senior economic research analyst Hannah Jones. The only other state less affordable than Massachusetts is New York, where residents must make $210,074 to afford the median home price of $797,000 – exceeding the actual median income by $111,904. Here are the least affordable states to buy a home, according to Place State Median home list price Median household income recommended 1 Montana $649,900 $171,301 2 New York $671,500 $176,994 3 Massachusetts $797,000 $210,074 4 Hawaii $761,000 $200,585 5 California $750,000 $197,685 6 Idaho $599,450 $158,003 7 Oregon $577,000 $152,086 8 Rhode Island $599,450 $158,003 9 Washington $659,475 $173,825 10 Nevada $499,450 $131,645 In which states do buyers need the lowest incomes to buy a home? If you're looking for affordability, try the Midwest. Iowa, Illinois and Kansas are the three most affordable states in this category. "Located in the highly affordable Midwest, Iowa boasts incomes that are roughly in line with home prices," says Jones. "In fact, all five of the most affordable states are located in the Midwest, shedding some light on the recent popularity of the region." In Iowa, the median household income is $75,999, just $430 or 0.57% less than the recommended amount to purchase a home with the median list price of $290,000. That home price was about $150,000 below the national median in July. Here are the most affordable states to buy a home, according to Place State Median home price Median household income recommended 1 Iowa $289,938 $76,422 2 Illinois $323,225 $85,196 3 Kansas $301,126 $79,371 4 Ohio $289,950 $76,425 5 Indiana $309,450 $81,565 6 Pennsylvania $324,995 $85,662 7 Missouri $311,000 $81,973 8 West Virginia $270,000 $71,167 9 Minnesota $399,000 $105,169 10 Michigan $316,950 $83,542 About how much money do you need to earn to buy home in each New England state? According to the study, you need: Connecticut: $145,000 Maine: $128,000 Massachusetts: $210,000 New Hampshire: $158,000 Rhode Island: $158,000 Vermont: $138,000 This article originally appeared on Telegram & Gazette: Looking to buy a home in MA? Here's how much you'll need to make. Solve the daily Crossword
Yahoo
7 minutes ago
- Yahoo
The Most Generous Billionaire: How MacKenzie Scott Is Changing Philanthropy
MacKenzie Scott, the novelist-turned-philanthropist, became one of the world's richest women after her 2019 divorce from Amazon founder Jeff Bezos, receiving around $36 billion in Amazon stock. But instead of building a flashy empire, Scott took a radically different path — one that's redefining what it means to be a billionaire. She pledged to give away at least half her fortune and quickly began making historic donations. Read More: Find Out: Since then, Scott has donated more than $17 billion to over 2,000 nonprofit organizations, with a focus on causes such as social justice, education, and economic equity. Her giving is not only generous but also strategic, designed to empower marginalized communities and support long-term change. The impact of her donations has been described as transformational. In 2024 alone, she contributed $2 billion, continuing her trust-based approach with no strings attached. Her model prioritizes speed, flexibility, and impact, helping nonprofits advance their missions without the delays or restrictions that often accompany major funding. A Quiet But Bold Approach To Giving Unlike many high-profile philanthropists, Scott rarely seeks the spotlight. Her donations are large and come without naming rights, public recognition, or complex application processes. Instead, she and her small team proactively identify nonprofits — often led by women, people of color, and grassroots leaders — that are typically overlooked by traditional funders. They then issue large, unrestricted grants, giving recipients the freedom to use funds as they see fit. In a 2020 blog post announcing $1.7 billion in donations, Scott wrote that her giving is guided by a belief that 'people who have experience with inequities are the ones best equipped to design solutions.' That conviction underpins her entire philanthropic strategy. Discover Next: How Her Philanthropy Stands Out Scott's giving style breaks nearly every mold of traditional philanthropy. She moves quickly, sidestepping the bureaucracy of legacy foundations. Instead of building a large institution, she works through a donor-advised fund and a lean, data-driven team. Her donations are also enormous in scale. In one round in 2021, she gave away about $2.74 billion to 286 organizations, which is more than many foundations distribute over a decade. Most importantly, her trust-based approach allows nonprofits to invest in long-term planning, infrastructure, and community-led solutions. Research shows this kind of unrestricted funding improves organizational resilience and multiplies impact. What Drives Her Extraordinary Generosity Scott's unprecedented level of giving is rooted in personal conviction, empathy and a deep sense of moral responsibility. She has consistently acknowledged the privilege of her wealth and the obligation she feels to redistribute it. In her Giving Pledge letter, MacKenzie Scott expressed a clear and unwavering commitment to philanthropy, writing that she would 'keep at it until the safe is empty.' That statement underscores her intent not just to give generously, but to do so urgently and consistently and with urgency, reflecting a lifelong dedication to using her wealth as a tool for broad and lasting impact. Scott's background as a novelist has also shaped her philanthropic lens. With a foundation in literature and storytelling, she brings a human-centered perspective to her giving. She blends data with compassion, prioritizing lived experience over metrics and supporting those most directly affected by inequality. This people-first mindset stands in contrast to the more analytical approach often seen among tech and business leaders. Moreover, Scott operates with a moral clarity that drives her to support underrepresented communities. She has committed significant unrestricted support to nonprofits led by women, people of color, and grassroots leaders, aiming not only to help but to shift power dynamics and bolster systemic equity. Changing the Billionaire Playbook In an age where inequality is rising and social challenges are urgent, Scott's model feels refreshingly direct and arguably more effective. Her model prioritizes speed, flexibility and autonomy — a stark contrast to many billionaire philanthropists who often spend years debating how or whether to give and building legacy foundations weighed down by bureaucracy. Scott is quietly distributing her wealth at an unprecedented pace. Her generosity has already transformed thousands of lives, and over time, it may reshape how the world's wealthiest view their responsibility to society. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 The 5 Car Brands Named the Least Reliable of 2025 How Far $750K Plus Social Security Goes in Retirement in Every US Region This article originally appeared on The Most Generous Billionaire: How MacKenzie Scott Is Changing Philanthropy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 minutes ago
- Yahoo
An Arizona senior told Dave Ramsey she has no savings and debt — 3 late-stage retirement catch-up tactics
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. In a call on an episode of The Ramsey Show, a 73-year old Arizona resident named Robin shared that she has no 401(k) or mutual funds and more than $12,000 in outstanding student loan debt — but is considering a home purchase within the next three years. Host Dave Ramsey then asks, 'How would you be able to buy [a house] if you don't have any money?' Robin says she expects to pay off the student loan by March this year and is setting aside a modest amount for a down payment every month. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Ramsey suggests she cash in her insurance policy, pay down her student loan faster and maximize her down payment savings right afterward. 'Basically, you're going to live on beans and rice for the next three years.' Robin isn't alone. According to a study commissioned by the ALI Retirement Income Institute, the majority of Americans who will turn age 65 between 2024 and 2030 are not financially prepared for retirement. If you're concerned about being stuck in the same situation, consider these three ways to boost your retirement savings on short notice. 1. "Live on beans and rice" When Ramsey suggests Robin 'live on beans and rice' he doesn't mean it quite so literally, but rather that living a frugal lifestyle and cutting spending where you can can help you boost your savings. So skip the steakhouse dinner and make some pasta at home. While spending money is inevitable no matter how frugal you are, using a tool like Acorns — an automated savings and investment app — can make the most out of your spending. When you make a purchase on your credit or debit card, Acorns automatically rounds up the price to the nearest dollar and puts the excess into a smart investment portfolio. This way, even the most essential spending translates to money saved for the future. Plus, Acorns lets you customize how you save. With an Acorns Silver plan, you get access to Acorns Later, a retirement investment account with a 1% IRA match on new contributions. With Acorns Gold, you get a 3% IRA match on new contributions and the ability to customize your portfolio by selecting your own stocks. When you sign up now, you'll get a $20 bonus investment, too. Another excellent way to grow your savings safely is with a certificate of deposit. CDs offer a guaranteed rate of return, and those rates are usually higher than your typical savings account. You can choose how long to lock in your investment, and so they're suitable for both short- and long-term savings. Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. 2. Reinvest dividends You can boost your passive income by reinvesting it for a short period. A Dividend Reinvestment Plan, or DRIP, can allow you to deploy your regular dividends into acquiring more stock. These programs can expand your nest egg considerably. For example, Walgreens Boots Alliance Inc. (WBA) currently offers a 11.03% dividend yield. Implementing the company's DRIP program could double your capital in nine years, depending on the stock's performance during that time. 3. Tap into insurance Some life insurance policies allow you to cash out a certain amount before maturity. If a policy is no longer needed, consider this option to boost your retirement savings — but only as a last resort. You may want to consult your tax professional or financial advisor before pulling the trigger. Life insurance can help protect your loved ones from unanticipated costs but policies can vary. Some policies pay a portion of the benefit while the policyholder is still alive, which could ease the burden of unexpected expenses in retirement. Term insurance is usually a less expensive and more flexible option than whole life coverage. If the insured individual dies during this term, the policy pays a death benefit to the designated beneficiaries. Young families and busy professionals looking for fast and affordable insurance can easily connect with Ethos and get term life insurance in 5 minutes, with no medical exams or blood tests. With Ethos Insurance, you get a policy with up to $2 million in coverage, starting at just $2/day. Ethos' application process ensures you get flexible coverage options quickly and transparently, allowing you to focus on what matters most. If you need more guidance, speaking with a financial advisor is always a great idea. Finding a financial advisor simple with There, you can find the right financial professional to help you fulfill your wealth goals. It's a free service that helps you find the right financial advisor for you,by matching you with a small list of the best options for you to choose from. Set up a free, no-obligation consultation with one of their pre-screened financial advisors today. What to read next Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Here are 5 simple ways to grow rich with real estate if you don't want to play landlord. And you can even start with as little as $10 Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
