Latest news with #LucidGroup
Yahoo
2 hours ago
- Automotive
- Yahoo
Lucid rolls out DreamDrive Pro update for hands-free driving
Lucid Group has unveiled a significant update to its DreamDrive Pro suite of advanced driver assistance systems (ADAS), introducing Hands-Free Drive Assist and Hands-Free Lane Change Assist1 to its EV lineup. Scheduled for 30 July, Lucid Air owners can expect the over-the-air (OTA) update, with Lucid Gravity owners to follow later in the year. This development represents a substantial upgrade to the DreamDrive Pro system and aligns with Lucid's focus on enhancing its ADAS and autonomous driving (AD) offerings. Lucid noted that the DreamDrive Pro update is poised to offer its customers an 'intuitive hands-free driving' experience, including lane changes with driver activation of the turn signal stalk, on compatible divided highways. As an optional upgrade for the company's vehicles, DreamDrive Pro features radar, light detection and ranging (LiDAR), surround-view cameras, ultrasonic sensors, and visible-light cameras. Lucid ADAS and AD vice president Kai Stepper said: 'The addition of these features to Lucid's DreamDrive Pro offers a glimpse into the future that Lucid is building with the impressive capabilities of our software-defined vehicles. 'With our in-house software stack, a comprehensive suite of 32 sensors, and regular OTA updates, we have a roadmap to continue to deliver significantly more functionality to our owners in the future.' The company assembles both vehicles in its 'vertically integrated' factory in Arizona, US. In April this year, Lucid agreed to acquire certain facilities and assets in Arizona, previously owned by Nikola. This acquisition, however, does not include the purchase of Nikola's client base or its hydrogen fuel cell electric trucks. Additionally, Lucid's collaboration with King Abdullah University of Science and Technology (KAUST), announced in May, aims to utilise KAUST's supercomputing offerings to progress EV technology and autonomous driving capabilities. Earlier this year, Lucid also welcomed Taoufiq Boussaid as its new CFO. "Lucid rolls out DreamDrive Pro update for hands-free driving" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
2 days ago
- Automotive
- Yahoo
Where Will Lucid Group Be in 1 Year?
Lucid Group's technology is proving itself, but the company isn't selling enough vehicles. The stock trades at a premium to most of its peers. It doesn't look like much will change in Lucid's business anytime soon, which could be dubious for the stock's one-year outlook. 10 stocks we like better than Lucid Group › Is there a new clubhouse leader in the electric vehicle industry? Lucid Group (NASDAQ: LCID) recently made an impressive headline. Its flagship vehicle, a premium all-electric sedan called the Lucid Air, set a new world record for the longest journey by an electric car on a single charge. The Grand Touring model of the Air traveled a whopping 1,205 kilometers, or approximately 749 miles. It's an impressive feat, to say the least. But is it enough to turn the stock around? Shares of Lucid Group have been a horrendous investment, dropping over 95% from their peak in 2021. Here is what lies ahead for Lucid Group, and what that could mean for the stock a year from now. The tricky thing about the electric vehicle business is that having a good product is a must-have, but it doesn't solve all of your problems. It's costly to lay the groundwork for a successful automotive business, and you need to sell a lot of vehicles before you can manufacture them profitably. Tesla may have opened the door to opportunities for the rest of the electric vehicle industry, but companies must still get off the ground and build up to a point where the business can sustain itself. Lucid Group reported impressive growth for the second quarter of 2025, delivering 38% more vehicles than it did the prior year. Unfortunately, that growth is from a small number. Lucid has delivered just 6,418 vehicles over the first half of 2025. As a result, the company operates at significant losses: The good news for the business is that Lucid has partnered with some deep-pocketed allies. Saudi Arabia's Public Investment Fund is the company's largest shareholder, and Lucid has established operations in the country. That likely means financial stability for as long as the company has that support. The flip side, and the bad news for other investors, is that Lucid Group's share count has increased by nearly 80% over the past three years. The aggressive share dilution has contributed to the stock's miserable performance. Despite the stock's steep decline, its valuation isn't all that appetizing. Lucid Group's enterprise value is currently 6.3 times its trailing-12-month sales. That's higher than almost every one of Lucid Group's peers or direct competitors: Tesla may not be an entirely suitable comparison, given the company's size, market share, and involvement in additional businesses, including energy storage, autonomous vehicle technology, and humanoid robotics. Sure, Lucid Group is growing faster than legacy automotive manufacturers, but it's also much smaller and deeply unprofitable. Rivian Automotive is likely the closest comparison, and Lucid Group's valuation is more than double Rivian's. Both companies are currently deeply unprofitable and are working toward bringing new, more affordable models to market in hopes of achieving the sales volume that will sustain them financially. That playbook worked for Tesla. Today, Tesla's more affordable Model 3 and Model Y account for the majority of its sales. Lucid Group is developing a mid-sized SUV called the Lucid Earth, and it may be the smash hit that solidifies Lucid's business, much like the Model 3 did for Tesla. But with the Lucid Earth unlikely to arrive before late next year or 2027, investors won't find that out within the next year. I suspect that Lucid Group may struggle to sustain enough growth to support the stock's current valuation, especially now that the federal electric vehicle tax credit will end at the end of September. The stock's valuation could easily retreat lower, closer to that of Rivian and other automotive companies, unless some unexpected and dramatic positive developments occur. It's only a prediction, but given Lucid's short-term circumstances and steep price tag, it seems likely that Lucid Group will trade at a lower price in one year than it is now. Before you buy stock in Lucid Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 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. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,477!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,010,880!* Now, it's worth noting Stock Advisor's total average return is 1,047% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 14, 2025 Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends General Motors and Volkswagen Ag. The Motley Fool has a disclosure policy. Where Will Lucid Group Be in 1 Year? was originally published by The Motley Fool 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
2 days ago
- Automotive
- Yahoo
Lucid CEO warns Trump tariffs will increase vehicle costs
-- Lucid Group (NASDAQ:LCID)'s interim CEO Marc Winterhoff cautioned that President Donald Trump's tariffs will increase automobile manufacturing costs, even for vehicles built in the United States. In a Bloomberg Television interview on Monday, Winterhoff explained that the global nature of automotive supply chains means domestic manufacturers still need to import raw materials and certain parts from other countries. "For the American consumers, vehicles are going to be more expensive under the tariff regime. There's no other way around it," Winterhoff said. "There's a reason the supply chain is so global." Winterhoff said the automaker is now working with Panasonic (OTC:PCRFY), its battery supplier, to source more of the cell supply's raw materials within the United States, Winterhoff said while speaking from Panasonic's newest U.S. battery plant in De Soto, Kansas. However, Lucid will not use cells produced at this new facility in its vehicles until next year. "I still have to say, and I hope Panasonic hears that, there is some room for improvement," Winterhoff noted, "but also right now with the tariffs, this is a very good move for us." Related articles Lucid CEO warns Trump tariffs will increase vehicle costs Risks Rising? Smart Money Dodged 46%+ Drawdowns on These High-Flying Names After soaring 149%, this stock is back in our AI's favor - & already +25% in July
Bloomberg
2 days ago
- Automotive
- Bloomberg
Lucid's CEO Warns of Price Hikes Even for American-Made Cars
The head of Lucid Group Inc. warned that President Donald Trump's tariffs will drive up costs to build automobiles — even in the US. The industry's global supply chain means domestic manufacturers still have to import raw materials and some parts from other countries, interim Chief Executive Officer Marc Winterhoff said in an interview with Bloomberg Television on Monday.
Yahoo
3 days ago
- Automotive
- Yahoo
Prediction: Tesla Might Lose This $2.76 Billion Revenue Source That Is Nearly 100% Profit
Tesla will soon lose a critical profit source. This loss will make exciting growth opportunities more difficult to pursue. These 10 stocks could mint the next wave of millionaires › The future of Tesla (NASDAQ: TSLA) appears very bright. Some experts believe the company's new robotaxi service could add more than $1 trillion in value by the end of 2026. But there's one challenge few investors are paying attention to. This challenge could swiftly eliminate one of Tesla's most profitable revenue sources. In recent years, nearly every electric car stock has benefited from automotive regulatory credits. These credits are earned under both state and federal programs, in both the U.S. and abroad. While each program differs in specifics, these credits are generally earned when a company sells low-emissions vehicles. These companies can then sell these credits to automakers that do not sell enough low-emission vehicles. For example, Stellantis bought roughly $2.4 billion of European and U.S. regulatory credits from Tesla between 2019 and 2021. The idea behind these credits is to encourage investment in and production of climate-friendly transportation options. That is, these credits are designed specifically to spur adoption of things like electric vehicles (EVs). Over the years, these credits have certainly helped keep EV makers like Tesla, Rivian, and Lucid Group financially viable. Rivian recently generated the first positive gross margins in its history, largely thanks to the sale of these credits. Besides a bit of overhead, the sale of these credits results in nearly 100% profit margins -- a huge boon for capital-intensive businesses like auto manufacturing. Soon, federal regulatory credits in the U.S. are expected to be eliminated due to the passing of President Donald Trump's "big, beautiful bill." According to The Verge, "The bill, which was signed by Trump over the weekend, would eliminate tax credits for EV purchases, zero out fines for automakers who exceed fuel-efficiency targets, and roll back other incentives for wind and solar power." That second point, zeroing out fines for automakers that miss fuel efficiency targets, essentially negates any value in purchasing these credits from an automaker like Tesla. In short, Tesla will very likely lose its ability to accrue and sell federal credits in the U.S. -- an immediate and sizable hit to both revenues and profits. There are a few important details to stress about the elimination of federal automotive regulatory credits. First, these eliminations affect the U.S. only. While other countries may shift their own policies, they will, for now, remain intact. Second, these eliminations will only affect federal credit programs, not state programs like California's or New York's. Critically, Tesla does not break down its regulatory credit sales by state versus federal, or even U.S. sales versus international. Therefore, it's difficult to gauge the exact effect from the elimination of federal U.S. programs. Some analysts estimate that roughly 75% of this revenue comes from U.S. sources. Within that portion, most is likely derived from California's state-level program, since that program accounts for the majority of credit value in the U.S. overall. Last quarter, Tesla's net income plunged 71% versus a year ago to $409 million. Regulatory credits sales, meanwhile, were $595 million last quarter, exceeding a total of $3.3 billion over the last five quarters. While Tesla won't lose access to most of these credits, they are clearly critical to keeping the company profitable. Tesla is one of the only companies in the world capable of pursuing huge growth opportunities like a global robotaxi service. If profits drop by $100 million to $200 million per quarter, however, pursuing these initiatives will grow more challenging. In short, the elimination of federal regulatory credits in the U.S. won't kill Tesla. But it will make growth more difficult moving forward -- a critical factor for long-term investors to consider. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $427,709!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $40,087!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $671,477!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of July 7, 2025 Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends Stellantis. The Motley Fool has a disclosure policy. Prediction: Tesla Might Lose This $2.76 Billion Revenue Source That Is Nearly 100% Profit was originally published by The Motley Fool Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. 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