Lucid Group Inc (NASDAQ:LCID) shares are trading marginally higher on Wednesday afternoon as investors weighed the company’s record third-quarter delivery figures against a backdrop of revised production guidance and ongoing supply chain issues. Here’s what investors need to know.
What To Know: The luxury electric vehicle maker announced it delivered a record 4,078 vehicles in the third quarter, marking a 46% increase year-over-year. The company also produced 3,891 vehicles during the same period.
Despite the record deliveries, Lucid recently narrowed its full-year 2025 production forecast to a range of 18,000 to 20,000 vehicles, pulling back from a firm 20,000-unit target. Interim CEO Marc Winterhoff attributed the revision to “supply constraints” and other “unexpected challenges.”
The cautious outlook, combined with a recent 1-for-10 reverse stock split, appears to be tempering investor enthusiasm. However, a multi-million dollar deal with Uber to deploy over 20,000 Lucid Robotaxis provides a potential long-term catalyst.
Investors are now awaiting the company’s full third-quarter financial results, scheduled for release on Nov. 5.
Benzinga Edge Rankings: Reflecting its recent performance, Benzinga Edge rankings show the stock has a weak Momentum score of 10.34 and a positive short-term price trend.
LCID Price Action: Lucid Group shares closed Wednesday up 2.32% at $22.52, according to Benzinga Pro. The stock is trading within its 52-week range of $15.25 to $36.40.
The stock is positioned above its 50-day moving average of $21.63, indicating short-term bullish momentum, but remains below the 100-day moving average of $22.89, suggesting potential resistance.
Key support is identified around the 50-day moving average, while resistance may be encountered near the 100-day moving average.
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How To Buy LCID Stock
Besides going to a brokerage platform to purchase a share — or fractional share — of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For Lucid Group, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
Image: Courtesy of Lucid
