South Korea’s Sisa Journal (translated), via the site Eletric-Vehicles, reports that Hyundai Group luxury brand Genesis and Lucid Motors are in the final stages of working out a deal for the former to buy electric motors from the latter. If a deal does go through, it would be Lucid’s second motor supply arrangement after agreeing […]
The trading week for electric vehicle (EV) stocks started off explosively as shares of Rivian Automotive (NASDAQ: RIVN), Lucid Motors (NASDAQ: LCID), and ChargePoint Holdings (NYSE: CHPT) all moved higher Monday. Thanks for this go to the Biden administration, which is preparing to quadruple tariffs on Chinese electric cars imported into the U.S. As of […]
EV-maker Lucid (LCID) reported mixed first quarter results, as a wider-than-expected loss trumps the company’s confirmation that its Gravity SUV is still on track for a 2024 debut. For the quarter, Lucid reported revenue of $172.7 million, topping expectations of $150.1 million and nearly 16% higher from a year ago. Lucid’s loss per share however […]
By Zaheer Kachwala (Reuters) -Lucid reported first-quarter deliveries above market expectations on Tuesday as price cuts helped boost demand for its luxury electric sedans, sending its shares up about 3%. The electric-vehicle startup handed over 1,967 vehicles in the first quarter, compared with estimates of 1,745, according to eight analysts polled by Visible Alpha. Lucid […]
Electric vehicle (EV) stocks fell today after Tesla (NASDAQ: TSLA) and Rivian (NASDAQ: RIVN) both reported disappointing first-quarter delivery numbers. It was the latest sign that demand for EVs continues to fade and that the sector’s stocks look broadly overvalued. Tesla is seen as a bellwether in the EV market as well, and other EV […]
Shopping for a mattress online can feel a bit tricky — it can seem like a leap of faith to swipe your card without actually having tested one before buying. The bright side of the online approach, however, is that you can see thousands of honest reviews before purchasing, which can take a fair amount […]
Shares of Rivian (RIVN) and Lucid (LCID) hit new all-time lows on Thursday after reporting quarterly results that disappointed the Street and raised concerns that the pure-play EV makers are not evolving quickly enough, particularly with EV demand waning. Rivian said it sees vehicle production for 2024 hitting 57,000 units, well below the 80,000 units […]
Lucid Motors is lopping thousands of dollars off the price of its most affordable electric sedans as it looks to boost demand after a disappointing year of sales. The rear-wheel drive version of the base model Lucid Air Pure will now start a $69,900, down from the previous price of $77,400. The more powerful Lucid […]
Tuesday is shaping up to be a good day to own electric vehicle (EV) stocks, as good news for China’s Li Auto (NASDAQ: LI) helped to lift shares of heavily shorted American EV stocks Fisker (NYSE: FSR) and Lucid Group (NASDAQ: LCID). Despite falling vehicle prices and well-publicized problems with EV demand around the world, […]
Fool.com contributor Parkev Tatevosian compares Fisker (NYSE: FSR), Rivian (NASDAQ: RIVN), and Lucid (NASDAQ: LCID) to answer which one he thinks is the best stock to buy now. *Stock prices used were the afternoon prices of Jan. 29, 2024. The video was published on Jan. 31, 2024. Should you invest $1,000 in Fisker right now? […]
Reports of higher-than-expected inflation this morning, combined with an apparent flood of investor dollars chasing various cryptocurrencies — and running away from stocks — has the stock market in a funk on Thursday. Among the stocks getting hurt most are three players in the electric car industry. Carmakers Lucid Group (NASDAQ: LCID) and Fisker (NYSE: […]
Nikola (NASDAQ: NKLA) and Lucid (NASDAQ: LCID) both disappointed investors in similar ways after their public debuts. Both electric vehicle (EV) makers went public by merging with special purpose acquisition companies (SPACs), attracted a stampede of bulls with their optimistic production forecasts, then drove them away by missing those estimates by a mile and racking […]