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The Latest Breaking News from Lucid Group, Inc.

2 Electric Vehicle Companies to Avoid in July

The electric vehicle (EVs) industry is growing but remains constrained by supply chain disruptions and the lack of EV charging stations. Moreover, rising recession fears have hampered consumer sentiment and could decelerate aggregate demand. So, fundamentally weak electric vehicle stocks Rivian Automotive (RIVN) and Lucid Group (LCID) are best avoided…

StockNews.com

Time To Drop These Beaten Down EV Stocks

Despite solid sales growth over the past year, the electric vehicle (EV) industry is grappling with supply chain issues and a shortage of key raw materials. As supply constraints are not expected to be eased anytime soon, fundamentally bleak EV stocks NIO (NIO) and Lucid Group (LCID), which have plunged…

StockNews.com

Lucid Launches Retail Location In Seattle

Lucid Group Inc (NASDAQ:LCID) has launched its first retail location in the Pacific Northwest at University Village in Seattle, Washington. With the latest opening, Lucid has 28 studio and service center locations open in North America. Lucid Studio University Village will be open to the public starting Saturday, June 25. "We have a…

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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

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

Why Lucid Shares Are Diving Following A Warning From Tesla CEO Elon Musk

Lucid Group Inc (NASDAQ: LCID) shares are trading lower by 6.71% at $18.63.

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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…

StockNews.com

A Lucid EV Burnt Down In 3 Mins While Being Ferried Last Month: What Really Happened

A Lucid Group Inc (NASDAQ: LCID) Air Dream was burnt to a crisp within minutes last month while being transported in Bridgewater, Massachusetts, CarScoops

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

Lucid To Hike EV Prices From June, Sticks To Lowered 2022 Target As Supply Issues Linger

Lucid Group Inc (NASDAQ: LCID) said on Thursday it would increase the prices of its electric vehicles from June and stick to its lowered production target for 2022 that it had provided in March due to supply chain issues.

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…

Benzinga

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.

StockNews.com

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

Why Rivian And Lucid Shares Are Tapping The Brakes Today

Shares of several companies in the broader consumer discretionary sector including Rivian Automotive Inc (NASDAQ: RIVN) and Lucid Group Inc (NASDAQ: LCID) are trading lower Monday amid overall market

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Elon Musk Takes A Dig At Lucid, Explains Why He Isn't Pushing For Longest Range EV

Electric vehicle startup Lucid Group, Inc.

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

Lucid To Recall 2022 Model Air Sedan: What Investors Need To Know

EV startup Lucid Group, Inc. (NASDAQ: LCID) is planning for its first recall less than four months after it began deliveries of its first vehicles to customers.

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