Shares of Lucid Group (LCID 3.23%) have been flying higher in recent weeks. That move continued in today's holiday-shortened trading session. After jumping more than 10%, Lucid shares held on to some of that gain, higher by 4.2% as of 11:55 a.m. ET.The stock has soared by nearly 60% in the past month. Some of that was due to the electric vehicle (EV) maker opening its order book for the new Gravity SUV. Today's move, though, looks to be more related to other news from the company and in the automotive secto ...

The electric vehicle (EV) market is uncertain right now, with the potential for federal EV tax credits to be canceled and some consumers choosing hybrids over electric cars.While the transition toward an EV-centric future is taking a little longer than expected, ignoring the stocks in this sector could be a mistake. If you want to increase your portfolio's exposure to the space, would it be better to put your money toward established leader Tesla (TSLA 2.27%) or EV start-up Lucid (LCID 2.65%)? Lucid is hitt ...

The share price of luxury electric vehicle (EV) manufacturer Lucid Motors (NASDAQ: LCID) has experienced a rollercoaster run in 2024, affected by internal operational woes and external market dynamics. The coming year offers another opportunity for the firm to turn things around.The year started with the stock plummeting to new lows, over 90% down from its peak, as early delivery numbers disappointed. For most of the year, LCID share price consistently faced the threat of dropping below the $2 mark but has ...

The automotive industry can be a bit of a copycat industry. When one automaker finds success with a certain strategy, you can bet the competitors across the street take notice. We might be seeing some of that with recent hints that Lucid (LCID 14.83%) is in talks with automakers on a potential partnership – perhaps similar to Rivian's (RIVN 5.90%) joint venture deal with Volkswagen.Talks are activeLucid CEO Peter Rawlinson made a comment that the electric vehicle (EV) maker is currently in active talks with ...

Electric vehicle (EV) sales are increasing in the U.S. thanks to traditional automakers releasing electrified models and start-ups like Lucid Group (LCID 3.95%) selling impressive EVs. The slow shift in the auto industry to EVs is evident in the latest vehicle sales figures, which show electric vehicles account for about 9% of total vehicle sales in the U.S., up from just under 8% last year.Despite increasing EV sales, some electric vehicle start-ups, including Lucid, are having difficulty ramping up produc ...

Core Insights - Lucid Motors' stock saw a significant increase from $2.09 to $2.76 due to a resurgence in the electric vehicle sector and a $1 billion investment from the Saudi Public Investment Fund after BlackRock sold over 2 million shares [1] - The production of Lucid's new model, Lucid Gravity, has begun, which initially boosted investor optimism [2] - However, on December 18, the stock price fell by 8.33% to $2.53, largely due to broader market reactions to the Federal Reserve's announcements [2][4] Company-Specific Developments - The $1 billion injection from the Saudi Public Investment Fund is a critical support for Lucid Motors following BlackRock's significant share sell-off [1] - The commencement of production for the Lucid Gravity model is a positive development for the company, indicating progress in its product lineup [2] Market Context - The Federal Reserve's decision to cut interest rates by 25 basis points, coupled with warnings of fewer reductions in 2025 and an upward revision of inflation forecasts from 2.1% to 2.5%, contributed to a negative market environment [4] - The overall market experienced a sharp decline, with gold dropping over 1% and the cryptocurrency market losing approximately $300 billion in market capitalization [5] - Despite the market turmoil, there are indications that the impact on Lucid Motors may not be as severe, as evidenced by a slight recovery in its stock price in after-hours trading [6]

Lucid Group TodayLCIDLucid Group$2.76 +0.03 (+1.10%) 52-Week Range$1.93▼$4.84Price Target$3.16Add to WatchlistLucid Group’s NASDAQ: LCID stock price is recovering from a new low set in November, suggesting a bottom is in play. However, the company’s risks remain, and the downtrend is intact, so investors should be wary. The move back above $2.70 in mid-December is promising but has yet to cross the critical resistance point near $2.90. That level aligns with the bottom edge of the gap formed in October and ...

Study demonstrates outstanding clinical utility including an exceptionally high 85% patient compliance with referral to confirmatory upper endoscopy following EsoGuard esophageal precancer testing NEW YORK, Dec. 11, 2024 /PRNewswire/ -- Lucid Diagnostics Inc. (Nasdaq: LUCD) ("Lucid" or the "Company"), a commercial-stage, cancer prevention medical diagnostics company and subsidiary of PAVmed Inc. (Nasdaq: PAVM), today announced that the manuscript for its CLinical Utility of EsoGuard (CLUE) study has been ac ...

The electric vehicle (EV) boom of 2020 and 2021 saw valuations skyrocket as investors rushed to bet on the future of transportation. Companies like Rivian (RIVN) and Lucid Group (LCID) were seen as prominent contenders in the race towards e-mobility. Fast forward to 2024, and the narrative has shifted dramatically. EV demand has failed to meet lofty expectations, with adoption being much slower than expected amid inadequate charging infrastructure and high price points. Adding to the uncertainty, Trump’s vi ...

The wider automotive sector is facing headwinds amid uncertain macroeconomic conditions. In addition, the fact that tariffs seem to be back in vague is adding quite a bit of uncertainty to an already precarious condition.Unexpectedly, this isn’t just a matter that’s affecting traditional carmakers who focus on internal combustion engine vehicles — battery-electric carmakers aren’t faring much better, with the exception of Tesla (NASDAQ: TSLA).Once hailed as a ‘Tesla-killer’, luxury EV producer Lucid (NASDAQ ...