Latest news with #LucidGravitySUV
Yahoo
24-07-2025
- Automotive
- Yahoo
Lucid Group (LCID) Joins New Partnership To Advance Domestic Critical Mineral Production
Lucid Group recently announced a strategic partnership for domestic mineral development, aiming to strengthen its supply chain through the Minerals for National Automotive Competitiveness Collaboration. This initiative, alongside improvements such as Lucid Air Model updates and advancements in autonomous vehicle technology, has correlated with the company's share price increase of 43% over the past month. While the market rose by 1.7% in the last week, Lucid's significant developments related to product enhancement and strategic alliances likely provided additional momentum, setting the company apart in the broader context of a market that is up 18% over the past year. We've discovered 3 possible red flags for Lucid Group (1 is significant!) that you should be aware of before investing here. AI is about to change healthcare. These 26 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. The recent collaboration on domestic mineral development is set to enhance Lucid Group's supply chain resilience, likely contributing positively to its growth narrative. The anticipated product enhancements and strategic alliances align with Lucid's focus on revenue diversification and market positioning, especially with the upcoming launch of the Lucid Gravity SUV. These moves are expected to spur revenue growth and operational efficiency, potentially improving future profitability, though analysts anticipate continued unprofitability over the next three years. This is a crucial aspect as the company's financial stability remains sensitive to production constraints and broader market dynamics. Over the past year, Lucid Group's total shareholder return was a 6.10% decline. This performance trails both the US Auto industry, which returned 44.6%, and the broader US market, which increased 17.7% in the same period. Despite this gap, the current developments may support improved future performance as execution of strategic initiatives continues. Given its current share price of US$3.08 compared to the consensus price target of US$2.53, the market appears more optimistic than analysts' forecasts, though the target implies potential downside. Investors might consider these factors in evaluating Lucid's potential for achieving its ambitious growth strategies and the valuation implied by market expectations. Examine Lucid Group's past performance report to understand how it has performed in prior years. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include LCID. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ 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
Engadget
17-07-2025
- Automotive
- Engadget
Uber's latest robotaxi plan involves 20,000 Lucid EVs
Uber is investing hundreds of millions of dollars in Nuro and Lucid, the latest step in the company's plan to build an extensive robotaxi program that can roll out globally. Uber's partnership with EV manufacturer Lucid will see it deploy at least 20,000 of the Newark-based company's vehicles over a period of six years. These will be equipped with the AI-powered Nuro Driver autonomous technology. The vehicles will be owned and operated by Uber or one of its third-party partners, and the service will be exclusive to Uber users. The robotaxi service is expected to launch in late 2026 in an unnamed "major US city," and Uber said that a prototype of an operational autonomous Lucid-Nuro vehicle is currently being tested on a closed circuit at a Nuro facility in Las Vegas. According to the new partners, the robotaxi will benefit from the Lucid Gravity SUV's "advanced technology platform, redundant electrical and controls architectures, and long range," with the latter estimated to be around 450 miles. Nuro will be responsible for overseeing the extensive safety checks. These range from simulations to on-road testing and are marked on "dozens" of categories. The approved Lucid Gravity robotaxi will operate at level 4 autonomy, which essentially makes it almost fully self-driving and able to perform the majority of its functions without any human intervention. Uber has spent much of this year expanding its robotaxi ambitions through various team-ups with the likes of Volkswagen and British AI company Wayve , with whom it plans to bring robotaxis to the UK for the first time next year. Back in March, Uber launched its robotaxi service with Waymo in Austin, building on the existing offering in Phoenix, Los Angeles and San Francisco. Waymo One covers 37 square miles of the city, and Uber users can ride in one by ordering an UberX, Uber Green, Uber Comfort or Uber Comfort Electric. Earlier this week, Uber also announced a new partnership with China-based Baidu, which will see the two companies bring Baidu's Apollo Go autonomous vehicles to mainland China and other non-US (no surprise there) markets around the world.
Yahoo
28-05-2025
- Automotive
- Yahoo
Lucid Group (NasdaqGS:LCID) Opens 43rd Location in North America
Lucid Group experienced a 13% appreciation in its stock price over the last quarter. This upward movement aligns with a number of positive developments for the company, including the opening of a new facility in Rutherford, N.J., marking its 43rd location in North America. The strategic appointments of seasoned executives in marketing and operations may have enhanced investor confidence. Furthermore, improved financial results, demonstrated by an increase in sales and a reduced net loss, likely contributed to this performance. These factors helped Lucid counter broader market fluctuations, strengthening its position in the competitive electric vehicle landscape. We've identified 2 warning signs with Lucid Group (at least 1 which can't be ignored) and understanding the impact should be part of your investment process. These 17 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch. The recent developments at Lucid Group, such as the opening of a new facility and strategic executive hires, could positively influence its long-term growth narrative. Over the past year, however, the company's total shareholder return, including dividends, was a decline of 6.40%. This contrasts with the stock's recent quarterly appreciation of 13%. Within the same 12-month period, Lucid underperformed relative to the broader U.S. Auto industry, which saw a return of 70.5%, and the overall U.S. market, which returned 9.1%. These advancements may spur future revenue, particularly with the anticipated launch of the Lucid Gravity SUV, which is expected to bolster revenue growth and operational efficiency. Analysts forecast substantial revenue increases, although Lucid's forecasted profitability remains elusive over the next three years. The alignment of these positive indicators may enhance earnings forecasts over time, contingent upon successful execution and market conditions. Notably, the current share price of US$2.56 is slightly above the analyst consensus price target of US$2.53, suggesting that analysts on average consider the stock to be fairly priced at the moment. Given this, investors might weigh whether they see potential upside beyond the current market expectations. Gain insights into Lucid Group's future direction by reviewing our growth report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:LCID. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ 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
Business Insider
27-05-2025
- Automotive
- Business Insider
‘Watch for These Catalysts,' Says Top Investor About Lucid Stock
One could be forgiven for having doubts about Lucid Group (NASDAQ:LCID), the electric vehicle maker whose share price has plunged 87% over the past 3 years. Confident Investing Starts Here: Yet, despite the steep decline, recent developments suggest there may be some light at the end of the tunnel. Lucid remains on track to manufacture 20,000 vehicles in 2025 – in line with its guidance – and its Q1 2025 net loss of $366 million marks a 46% year-over-year improvement. The company also ended the quarter with a strong liquidity position of $5.76 billion. Even so, Lucid is still operating at a loss, which means any bullish stance largely hinges on faith in the company's long-term potential rather than near-term profitability. That's where top investor Rick Orford – ranked in the very top 1% of TipRanks' stock pros – sees an opportunity. He points to two key catalysts on the horizon: Lucid's strategic partnership with Saudi Arabia and the upcoming launch of the Lucid Gravity SUV. According to Orford, these developments could help shift sentiment and lay the groundwork for future growth and profitability. 'Short-term prospects remain uncertain, but patient investors could benefit significantly if Lucid achieves profitability in the next 3–5 years,' Orford opined. The investor further highlights just how embedded Lucid is in Saudi Arabia's EV ambitions. The Kingdom's sovereign wealth fund holds a majority stake in the company and has committed to purchasing between 50,000 and 100,000 vehicles over the next decade. As Orford sees it, Saudi Arabia views Lucid not just as a financial investment, but as a cornerstone of its broader push to diversify its economy and establish a foothold in the global EV race. 'I'm speculating that they're using Lucid Motors at least in part to achieve their vision of moving away from oil dependency, which could translate to a huge growth runway for the company,' Orford noted. The investor is also intrigued by the company's Lucid's Gravity SUV, which he believes has the potential to help the company capture market share from Tesla when it becomes available next year. Not only does Gravity's 420-mile range compare favorably to Tesla's 244-mile estimates for the Model Y, but the Elon Musk-led company's reputation is in tatters due to his political activities. Summing up, the investor believes in the company's ability to deliver growth going forward – especially for those willing to look further down the road. 'I'm rating the stock a 'Buy' for its long-term potential,' concludes Orford. 'I think investors (buying) at today's prices will be very pleased.' (To watch Orford's track record, click here) Wall Street, however, isn't quite as enthusiastic. Most analysts are still in 'wait-and-see' mode. With 7 Holds outweighing just 1 Buy and 2 Sells, LCID claims a consensus Hold (i.e., Neutral) rating. Meanwhile, the average 12-month price target of $2.54 implies the stock is likely to stay range-bound for the foreseeable future. (See LCID stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Mid East Info
04-05-2025
- Automotive
- Mid East Info
Lucid Motors to Unveil Lucid Air and Lucid Gravity at EV & Mobility Show Saudi Arabia 2025 - Middle East Business News and Information
We are thrilled to announce that Lucid Motors Middle East will make its highly anticipated debut at EV & Mobility Show Saudi Arabia 2025 with the unveiling of two extraordinary electric vehicles — the Lucid Air and the Lucid Gravity SUV — for the very first time in the Kingdom. Event Date: 4 to 6 May 2025 Venue: Riyadh Front Exhibitions and Convention Centre About Lucid Motors Founded in California in 2007, Lucid Motors has quickly become a global leader in luxury electric mobility. With an uncompromising commitment to performance, design, and sustainability, Lucid has redefined expectations with the award-winning Lucid Air sedan and the upcoming Lucid Gravity SUV. These vehicles embody the brand's dedication to innovation and environmental leadership. What to Expect at EVS Saudi Arabia 2025 Lucid Air A sleek, all-electric sedan combining exhilarating performance, refined craftsmanship, and an industry-leading range of up to 516 miles. The Lucid Air sets a new standard for what's possible in electric mobility. Lucid Gravity A revolutionary next-generation electric SUV making its regional debut in Saudi Arabia. Designed for families and adventurers alike, the Gravity delivers more than 700 km of range, exceptional comfort, and cutting-edge in-car technology. Insights from Experts Gain direct access to Lucid's top engineers and visionaries. Learn about their mission to drive a clean energy future and discover the platform technologies powering Lucid's EV lineup. Partnership Opportunities Engage with one of the world's most innovative automakers as Lucid expands into the Middle East. Explore potential collaborations that align with sustainable development and mobility transformation in the region. Why Attend EVS Saudi Arabia 2025 Discover the latest in EV and smart mobility technologiesLearn from global sustainability and innovation leaders Connect with automotive visionaries, investors, and partners Visitor Registration Secure your access to Saudi Arabia's premier electric mobility event Visitor Registration Book Your Stand Join industry pioneers like Lucid Motors and showcase your mobility solutions Book Your Stand
