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The Latest Breaking News from LCID

Inflation is running at a 40-year high, and the Fed’s aggressive moves to clamp down on inflation have led to a steep sell-off in the market. However, popular stocks Realty Income (O), Las Vegas Sands (LVS), and Lucid Group (LCID), which still look overvalued at their current price levels, are…

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Lucid Group Opens Retail Studio In Colorado

Electric car maker Lucid Group Inc (NASDAQ:LCID) has opened its first studio location in Denver, Colorado, at the Cherry Creek Shopping Center. The studio marks twenty-seven studios and service center locations open in North America. The Lucid Studio in Cherry Creek will be open to the public on June 18. "The state of…

Benzinga

Lucid Group Secures $1B Revolving Credit Facility

Lucid Group Inc (NASDAQ:LCID) has entered into a credit agreement with a syndicate of banks to provide a secured asset-based revolving credit facility with an initial committed amount of up to $1.0 billion. The facility also provides for uncommitted incremental revolving commitments of up to an additional $500 million. The ABL Credit Facility has…

Benzinga

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Why Shares Of Lucid Group Are Trading Lower

Lucid Group, Inc. (NASDAQ: LCID) shares are trading lower Monday alongside several companies in the auto & auto component sector amid overall weakness as stocks continue to sell off following worse-than-expected May CPI data.

Benzinga

Lucid Stock Is Racing Higher: What's Going On?

Lucid Group Inc (NASDAQ: LCID) shares are trading higher Thursday after the company on Wednesday announced plans to set up a new manufacturing facility in Saudi Arabia.

Benzinga

Lucid Sets Stage For First Overseas Manufacturing Facility With Partners In Saudi Arabia

Lucid Group Inc (NASDAQ:LCID) has set the stage for constructing AMP-2, a production factory in Saudi Arabia with a capacity of 155,000 electric vehicles. The agreement is estimated to provide financing and incentives to Lucid up to $3.4 billion in aggregate over the next fifteen years to build and operate a manufacturing…

Benzinga

Avoid These 5 Popular Stocks That Still Look Expensive

Concerns over a possible recession because of the Fed’s aggressive interest rate hike to control the surging inflation have led to massive selling pressure in the stock market over the past few weeks. Despite significant price declines, large-cap stocks Uber Technologies (UBER), NIO (NIO), Snap (SNAP), Lucid Group (LCID), and…

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Nikola vs. Lucid Group: Which EV Stock is a Better Buy on the Dip?

Today I will analyze and compare Nikola (NKLA) and Lucid Group (LCID) to determine which electric vehicle stock is currently a better investment.

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Lucid Gr Whale Trades For May 10

Someone with a lot of money to spend has taken a bearish stance on Lucid Gr (NASDAQ:LCID). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

This Tesla Rival Looks To Expand Footprint Outside US Amid Demand For EVs

Lucid Group Inc (NASDAQ:LCID) is planning to launch its luxury electric sedans in Europe later in 2022, Reuters reported. The Tesla, Inc.(NASDAQ:TSLA) rival aims to expand its footprint outside the U.S. amid strong global demand for electric vehicles (EVs). The company plans to launch its Lucid Air Dream Edition P and R sedans…

Benzinga

What's Going On With Lucid Group Stock?

Lucid Group Inc (NASDAQ: LCID) shares are moving higher in Thursday's after-hours session after the company reported better-than-expected

Benzinga

Is Lucid Group a Buy Under $20?

While Lucid Group (LCID) continues to make several efforts to boost its operational efficiency, persistent chip and labor shortage weigh on its growth prospects. So, let's evaluate if it's worth investing in the stock at the current price level.

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2 EV Stocks That Remain Strong Sells

Despite its promising growth prospects, the electric vehicle (EV) industry is expected to remain under immense pressure for the foreseeable future owing to rising raw material costs and global semiconductor and other supply chain constraints that have been exacerbated by the Russia-Ukraine war. So, we think it could be wise…

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Tesla Rival Lucid Bags Deal To Sell 100,000 EVs To Saudi Arabia

Lucid Group Inc (NASDAQ: LCID) said on Tuesday it has entered a deal with the government of Saudi Arabia to sell up to 100,000 electric vehicles over the next 10 years, sending shares of the luxury electric vehicle startup higher after the bell.

Benzinga

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The electric vehicle (EV) industry is projected to grow tremendously this year, thanks to substantial consumer demand and favorable government policies. So, given the industry's impressive growth prospects, Wall Street analysts expect the shares of fundamentally solid EV companies Workhorse (WKHS), Rivian (RIVN), and Lucid (LCID) to rally up to…

Benzinga

This Is What Whales Are Betting On Lucid Gr

Someone with a lot of money to spend has taken a bullish stance on Lucid Gr (NASDAQ:LCID). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Lucid Group Opens New Studio Location In Toronto, Ontario

Lucid Group Inc (NASDAQ:LCID) has opened a new studio location at the Yorkdale Shopping Centre in Toronto, Ontario. The location is the second in Canada and twenty-third in the company's North American retail network. The company expects to begin Canadian deliveries of the Lucid Air in Spring 2022. Lucid has partnered with Electrify…

Benzinga

Death Cross Looms Over Lucid Gr Investors

If history is any guide, there may be trouble ahead for shares of Lucid Gr (NASDAQ:LCID). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

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Benzinga

Why Tesla, Lucid Group And Workhorse Shares Are Falling Today

Shares of several stocks in the auto & auto components sector, including Tesla Inc (NASDAQ: TSLA), Lucid Group Inc (NASDAQ: LCID) and Workhorse Group Inc (NASDAQ:

StockNews.com

Steer Clear of These 4 Overvalued Electric Vehicle Stocks in March

The electric vehicle (EV) industry is expected to remain under pressure due to increasing supply chain disruptions, rising production costs, and interest rate hikes amid an escalating conflict between Russia and Ukraine. Thus, we think overvalued electric vehicle stocks Lucid Group (LCID), NIO Inc (NIO), XPeng (XPEV), and Fisker (FSR)…

Benzinga

Lucid Gr's Return on Invested Capital Insights

Lucid Gr (NASDAQ:LCID) brought in sales totaling $26.39 million during Q4 according to data provided by Benzinga Pro. However, earnings decreased 99.4%, resulting in a loss of $1.05 billion.

Benzinga

BZ Chart Of The Day: Lucid Group Fails At Resistance

Shares of Lucid Group, Inc. (NASDAQ: LCID) slammed into a wall of resistance and are moving lower, down 16% at press time.

Benzinga

BofA On Lucid Earnings, Lowered Outlook Is 'Somewhat Surprising In Magnitude'

Lucid Group Inc (NASDAQ: LCID) reported its fourth-quarter results marginally ahead of expectations on lower operating expenditures, according to BofA Securities.

Benzinga

Tesla Rival Lucid Cuts 2022 Production Target By Up To 40% Due To Extraordinary Supply Chain Issues

Luxury electric vehicle startup Lucid Group Inc (NASDAQ: LCID) on Monday significantly lowered production targets for this year, citing extraordinary supply chain and logistics challenges.

Benzinga

Why Lucid Shares Are Sliding Today

Lucid Group Inc (NASDAQ: LCID) is trading lower Tuesday after the company announced worse-than-expected fourth-quarter revenue results and cut production guidance. Lucid reported quarterly revenue of $26.4 million, which came in below the estimate of $36.74 million.

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