Latest news with #LucidGravitySUV
Yahoo
4 days ago
- 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
6 days ago
- 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
Yahoo
03-04-2025
- Automotive
- Yahoo
Lucid Group (NasdaqGS:LCID) Delivers 3,109 Vehicles With Revenue Guidance Of US$232M+
Lucid Group recently reported that it delivered 3,109 vehicles in the first quarter of 2025, while producing 2,212 vehicles and sending an additional 600 to Saudi Arabia for assembly. This announcement coincided with its preliminary earnings guidance projecting revenue between $232 million and $236 million for the quarter, likely influencing the company's 13.21% share price increase over the past month. This positive movement occurred despite broader market declines prompted by new U.S. tariffs impacting major indices, reflecting firm investor confidence in the company's performance and outlook amidst challenging market conditions. We've discovered 3 weaknesses for Lucid Group (1 doesn't sit too well with us!) that you should be aware of before investing here. The latest GPUs need a type of rare earth metal called Terbium and there are only 20 companies in the world exploring or producing it. Find the list for free. Over the last year, Lucid Group experienced a total shareholder return of 12.73% decline. This performance lagged the broader US market, which saw an 8.4% increase, and significantly underperformed the US Auto industry's 47.3% growth. Several developments have impacted Lucid's stock performance. In January 2025, the company's leadership changes, including the transition of Peter Rawlinson to Strategic Technical Advisor and the appointment of Marc Winterhoff as Interim CEO, may have created strategic uncertainties impacting investor sentiment. Furthermore, production constraints, despite the projection of up to 20,000 vehicles for 2025, have likely influenced investor confidence. The lack of profitability reported for 2024, with a net loss of US$2.71 billion, may have affected investor perceptions, especially given the challenges of maintaining production and scaling operations in a competitive EV market. Additionally, while the launch of the Lucid Gravity SUV was expected to bolster market position, constraints in production could have mitigated the potential positive impact on the company's financial performance. Review our growth performance report to gain insights into Lucid Group's future. 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. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
31-03-2025
- Automotive
- Yahoo
Lucid Group (NasdaqGS:LCID) Jumps 14% In A Week As Q4 Results Show Increased Sales
Last week, Lucid Group reported its fourth-quarter results, showing increased sales and narrower net losses, alongside production guidance of 20,000 vehicles for 2025. The appointment of Marc Winterhoff as interim CEO signals a leadership adjustment as the company gears for future strategy. These developments occurred as the broader market, including the S&P 500 and Nasdaq, saw a modest rise, recovering from an earlier selloff. Against this backdrop, Lucid's shares rose by 14%, illustrating investor optimism despite its challenges, aligning with broader market recovery trends and a positive response to corporate updates. Lucid Group has 2 risks (and 1 which is significant) we think you should know about. These 14 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. Lucid Group's total shareholder return last year was a decline of 15.41%, underperforming both the US Auto industry's 44.5% return and the broader market's 10.2% rise. Several factors may have influenced this performance. Despite increased sales to US$807.83 million and a narrowed net loss of US$2.71 billion, ongoing production constraints, particularly concerning the new Lucid Gravity SUV, likely weighed on investor sentiment. These constraints risk limiting revenue growth if demand outstrips supply. Leadership changes also may have introduced uncertainties, especially with Peter Rawlinson stepping down as CEO. Additionally, Lucid raised substantial capital through a private placement worth US$1.03 billion and a follow-on equity offering raising US$680 million. While these actions provide liquidity, they reflect reliance on external funding, underscoring liquidity risks. The launch of Lucid Gravity, anticipated to meet high consumer demand, points to potential future opportunities, yet production and financial stability challenges remain pivotal market concerns. Upon reviewing our latest valuation report, Lucid Group's share price might be too optimistic. 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. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
