It's been an incredibly turbulent week for stocks in the electric vehicle (EV) sector and for markets in general. As of early Friday morning, the Nasdaq Composite index was 5.4% higher for the week mainly thanks to Wednesday's historic rally.Shares of EV maker Lucid Group (LCID -1.19%) were doing even better, surging by 10.5%, according to data provided by S&P Global Market Intelligence. Those gains have come partly because of struggles at EV leader Tesla. Investors should be aware of something that could c ...

NEW YORK, April 11, 2025 /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 the closing of its previously announced underwritten public offering of 14,375,000 shares of its common stock, including 1,875,000 shares issued pursuant to the exercise of the underwriters' option to purchase additional shares, at a public offering price of $1.20 per share.T ...

Core Points - Lucid Group, Inc. has reached an agreement to acquire select facilities and assets from Nikola Corporation, pending approval from the U.S. Bankruptcy Court [1][4] - The acquisition includes Nikola's former manufacturing and headquarters facilities in Arizona, adding over 884,000 square feet to Lucid's operations [3] - Lucid plans to offer employment to more than 300 former Nikola employees, enhancing its workforce with experienced personnel in EV technology [2][5] Company Expansion - The acquisition aligns with Lucid's strategy to expand its manufacturing, warehousing, testing, and development capabilities in Arizona [5] - The facilities acquired include state-of-the-art manufacturing and warehousing buildings, as well as advanced testing equipment [3] - This move supports Lucid's production ramp of the Lucid Gravity and upcoming midsize platform vehicles [5] Community Impact - The acquisition is expected to benefit the local Arizona community by providing continued employment opportunities for skilled workers [5] - Arizona Governor Katie Hobbs highlighted the positive impact on the state's growing EV and battery manufacturing industry [5] - State Senator T.J. Shope emphasized the importance of the investment in helping those affected by job loss regain employment [5]

Core Insights - Lucid Motors has unexpectedly won the bankruptcy auction for Nikola's Arizona factory and other assets, committing approximately $30 million in cash and non-cash considerations [1][2] - The acquisition includes Nikola's lease on its Phoenix headquarters, along with certain machinery, equipment, and inventory [1] - Lucid plans to offer jobs to around 300 former Nikola employees as part of the deal [2] Group 1: Acquisition Details - Lucid Motors' bid was surprising as Nikola had been attempting to sell its entire business since filing for bankruptcy protection in February [2] - The acquisition is strategic for Lucid, which already operates a factory in Casa Grande, Arizona, allowing for increased warehousing space and testing equipment [3] - The bankruptcy judge has allowed objections to the sale until April 11, with a hearing scheduled for the same day [4] Group 2: Background Context - Nikola's founder, Trevor Milton, who was previously convicted of fraud, attempted to bid on the assets but was blocked from inspecting them prior to the auction [3] - Lucid's focus has primarily been on passenger electric vehicles, contrasting with Nikola's involvement in hydrogen-powered electric vehicles [2]

Lucid (NASDAQ: LCID) stock’s performance in the last 30 days has been nothing short of stellar as the electric vehicle (EV) maker soared 20.57% to $2.52 within the time frame.LCID stock 30-day price chart. Source: FinboldThe rally is made even more remarkable because it took place at a time when most of its peers – as well as equity from other sectors – have been under severe pressure from the now-postponed Liberation Day tariffs.In the last 24 hours, Lucid shares benefited significantly from a +$0.23 (9.91 ...

The automotive industry is highly loyal, and one of the biggest challenges is "conquesting" consumers, which is simply one brand taking a customer from another. Since Tesla (TSLA 22.25%) vehicles hit the roads, the company has thoroughly dominated the U.S. market in sales volumes, but a recent backlash against the once unflappable brand may have sent consumers fleeing to a competitor you might not expect: Lucid (LCID 9.91%). Lucid's interim CEO made some very intriguing comments recently, and investors shou ...

Core Viewpoint - Lucid Diagnostics Inc. has announced a public offering of 12,500,000 shares at a price of $1.20 per share, aiming to raise approximately $15 million for working capital and general corporate purposes [1][2]. Company Overview - Lucid Diagnostics Inc. is a commercial-stage cancer prevention medical diagnostics company and a subsidiary of PAVmed Inc. The company focuses on patients with gastroesophageal reflux disease (GERD), who are at risk of developing esophageal precancer and cancer [6]. Offering Details - The offering includes a 45-day option for underwriters to purchase an additional 1,875,000 shares at the public offering price [1]. - The gross proceeds from the offering are expected to be around $15 million, excluding any proceeds from the underwriters' option [2]. - The offering is expected to close on or about April 11, 2025, subject to customary closing conditions [2]. Underwriters - Canaccord Genuity LLC is acting as the sole bookrunner for the offering, while Maxim Group LLC is serving as co-manager [3]. Regulatory Information - The offering is made pursuant to a shelf registration statement declared effective by the Securities and Exchange Commission on December 6, 2022 [4]. - A prospectus supplement will be filed with the SEC, and the securities may only be offered by means of a written prospectus [4].

$1.1B new convertible offering and repurchase of ~$1B principal of existing 1.25% convertible notes due in 2026. New issue structured efficiently with PIF support from prepaid forward share purchase, 5-year maturity, and cappedcall overlay resulting in effective conversion price of $4.80.NEWARK, Calif., April 8, 2025 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID), maker of the world's most advanced electric vehicles, today announced the closing of $1.1 billion aggregate principal amount of convertible sen ...

After a weak Q1 performance, is it time to buy Lucid stock?The stock market struggled in the first quarter of 2025, but investors in Lucid Group (LCID -5.31%) had it much worse. The electric vehicle (EV) stock plunged 19.9% in Q1, according to data provided by S&P Global Market Intelligence, versus the Nasdaq Composite's (^IXIC -0.81%) 10.4% drop. The S&P 500 (^GSPC -0.51%), comparatively, fared much better, falling only 4.6% in Q1 2025.While President Donald Trump's first day in office rattled EV stocks, L ...

Trading in Lucid Group, Inc. LCID was quiet on Tuesday. But this may not be the case for long.If the market's reversal has legs and keeps moving higher, there is a good chance that, on a percentage basis, Lucid will outperform it. This is why we have made it our Stock of the Day.Lucid is trading just below resistance around the $2.65 level.Resistance is a price at which there is significant sell interest among traders and investors. If a stock is moving higher, it's because demand is greater than supply. Th ...