Latest news with #LucidGroupInc
Bloomberg
2 days ago
- Automotive
- Bloomberg
Lucid Inks US Graphite Deal in Bid for Domestic Battery Material
Automaker Lucid Group Inc. signed a third agreement for US-processed graphite, extending its bid for domestic supplies of an essential component in its electric vehicle batteries. The agreement with Vancouver-based Graphite One Inc. helps further integrate a domestic supply chain for components in Lucid's lineup, including an electric sedan and an SUV, potentially blunting the effects of new and threatened tariffs.
Yahoo
22-05-2025
- Business
- Yahoo
Why Lucid Group Inc. (LCID) Went Down Today
We recently published a list of . In this article, we are going to take a look at where Lucid Group Inc. (NASDAQ:LCID) stands against other stocks that were sold down today. Ten mid-cap stocks were sold down on Monday, bucking a wider market optimism, amid the lack of catalysts to spark buying appetite, while investors continued to digest the firms' own developments affecting their businesses. The Dow Jones rose by only 0.32 percent, while the S&P 500 and the tech-heavy Nasdaq each inched up by 0.09 percent and 0.02 percent, respectively. Meanwhile, the 10 companies booked losses as high as 5 to 16 percent. In this article, we list the names of the worst-performing stocks and detail the reasons behind their decline. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume. An engineer examining an electric vehicle design in a lab, showing the company's innovative battery systems. Lucid Group dropped its share prices by 5.63 percent on Monday to close at $2.6899 apiece amid the absence of fresh catalysts to reignite investor enthusiasm. Earlier this month, the company reported that its net loss attributable to shareholders grew by 6.9 percent to $731 million from the $684 million registered in the same period last year. Revenues, however, increased by 36 percent to $235 million from $172 million year-on-year. According to the company, it is on track to ramp up vehicle production to 20,000 units per year, more than double the 9,000 units delivered last year. In the first quarter alone, Lucid Group Inc. (NASDAQ:LCID) delivered 3,109 units, translating to $235 million in sales. 'Lucid Gravity is beginning to arrive in more customers' driveways and at our studios, and combined with our progress toward future initiatives, our company is well-positioned for future success,' said Lucid Group Inc. (NASDAQ:LCID) Interim CEO Marc Winterhoff. Overall, LCID ranks 10th on our list of stocks that were sold down today. While we acknowledge the potential of LCID as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than LCID but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
22-05-2025
- Business
- Yahoo
Why Lucid Group, Inc. (LCID) Skyrocketed Today
We recently published a list of . In this article, we are going to take a look at where Lucid Group, Inc. (NASDAQ:LCID) stands against other stocks that skyrocketed today. Ten companies boasted whopping gains on Tuesday despite a wider market pessimism, as a flurry of corporate developments, including impressive earnings and bullish outlooks, sparked buying appetite. In contrast, Wall Street's main indices all finished in the red territory. The Dow Jones was down by 0.27 percent, the S&P 500 dropped 0.39 percent, and the tech-heavy Nasdaq declined 0.38 percent. In this article, we named the 10 best-performing stocks during the trading session and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume. An engineer examining an electric vehicle design in a lab, showing the company's innovative battery systems. Lucid Group saw its share prices jump by 10.45 percent on Tuesday to close at $2.96 apiece, as penny traders appeared to have taken advantage of the previous day's drop to buy shares at a low price. Based on its historical share price data, the company traded sideways amid the lack of catalysts to further propel buying. In recent news, Lucid Group, Inc. (NASDAQ:LCID) reported that its net loss attributable to shareholders grew by 6.9 percent to $731 million from the $684 million registered in the same period last year. Revenues, however, increased by 36 percent to $235 million from $172 million year-on-year. Looking ahead, Lucid Group, Inc. (NASDAQ:LCID) is looking to ramp up vehicle production to 20,000 units per year, more than double the 9,000 units delivered last year. In the first quarter alone, Lucid Group Inc. (NASDAQ:LCID) delivered 3,109 units, translating to $235 million in sales. Overall, LCID ranks 10th on our list of today's best-performing stocks. While we acknowledge the potential of LCID as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LCID and that has 100x upside potential, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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
21-05-2025
- Business
- Yahoo
Why Lucid Group, Inc. (LCID) Skyrocketed Today
We recently published a list of . In this article, we are going to take a look at where Lucid Group, Inc. (NASDAQ:LCID) stands against other stocks that skyrocketed today. Ten companies boasted whopping gains on Tuesday despite a wider market pessimism, as a flurry of corporate developments, including impressive earnings and bullish outlooks, sparked buying appetite. In contrast, Wall Street's main indices all finished in the red territory. The Dow Jones was down by 0.27 percent, the S&P 500 dropped 0.39 percent, and the tech-heavy Nasdaq declined 0.38 percent. In this article, we named the 10 best-performing stocks during the trading session and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume. An engineer examining an electric vehicle design in a lab, showing the company's innovative battery systems. Lucid Group saw its share prices jump by 10.45 percent on Tuesday to close at $2.96 apiece, as penny traders appeared to have taken advantage of the previous day's drop to buy shares at a low price. Based on its historical share price data, the company traded sideways amid the lack of catalysts to further propel buying. In recent news, Lucid Group, Inc. (NASDAQ:LCID) reported that its net loss attributable to shareholders grew by 6.9 percent to $731 million from the $684 million registered in the same period last year. Revenues, however, increased by 36 percent to $235 million from $172 million year-on-year. Looking ahead, Lucid Group, Inc. (NASDAQ:LCID) is looking to ramp up vehicle production to 20,000 units per year, more than double the 9,000 units delivered last year. In the first quarter alone, Lucid Group Inc. (NASDAQ:LCID) delivered 3,109 units, translating to $235 million in sales. Overall, LCID ranks 10th on our list of today's best-performing stocks. While we acknowledge the potential of LCID as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LCID and that has 100x upside potential, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
20-05-2025
- Business
- Yahoo
Why Lucid Group Inc. (LCID) Went Down Today
We recently published a list of . In this article, we are going to take a look at where Lucid Group Inc. (NASDAQ:LCID) stands against other stocks that were sold down today. Ten mid-cap stocks were sold down on Monday, bucking a wider market optimism, amid the lack of catalysts to spark buying appetite, while investors continued to digest the firms' own developments affecting their businesses. The Dow Jones rose by only 0.32 percent, while the S&P 500 and the tech-heavy Nasdaq each inched up by 0.09 percent and 0.02 percent, respectively. Meanwhile, the 10 companies booked losses as high as 5 to 16 percent. In this article, we list the names of the worst-performing stocks and detail the reasons behind their decline. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume. An engineer examining an electric vehicle design in a lab, showing the company's innovative battery systems. Lucid Group dropped its share prices by 5.63 percent on Monday to close at $2.6899 apiece amid the absence of fresh catalysts to reignite investor enthusiasm. Earlier this month, the company reported that its net loss attributable to shareholders grew by 6.9 percent to $731 million from the $684 million registered in the same period last year. Revenues, however, increased by 36 percent to $235 million from $172 million year-on-year. According to the company, it is on track to ramp up vehicle production to 20,000 units per year, more than double the 9,000 units delivered last year. In the first quarter alone, Lucid Group Inc. (NASDAQ:LCID) delivered 3,109 units, translating to $235 million in sales. 'Lucid Gravity is beginning to arrive in more customers' driveways and at our studios, and combined with our progress toward future initiatives, our company is well-positioned for future success,' said Lucid Group Inc. (NASDAQ:LCID) Interim CEO Marc Winterhoff. Overall, LCID ranks 10th on our list of stocks that were sold down today. While we acknowledge the potential of LCID as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than LCID but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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
