Previous Close | 3.4200 |
Open | 3.4000 |
Bid | 3.4200 x 500 |
Ask | 3.4300 x 400 |
Day's Range | 3.3700 - 3.4900 |
52 Week Range | 2.2900 - 5.4800 |
Volume | |
Avg. Volume | 38,029,823 |
Market Cap | 7.954B |
Beta (5Y Monthly) | 1.05 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -1.1800 |
Earnings Date | Nov 07, 2024 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 3.27 |
Lucid (LCID) stock gains after the electric vehicle (EV) maker reported an increase in deliveries. Ronald Jewsikow, Guggenheim Securities director of automotive equity research, joins Seana Smith and Brad Smith on Morning Brief to discuss what’s next for Lucid and EV demand. “I think Lucid has some catalysts on the horizon in terms of the gravity launch, which does unlock some [Total Addressable Market] TAM, but we've seen that the high-end electric SUV market is not as big as I think investors would have expected a few years ago. We've seen Rivian (RIVN) sales kind of stall out here, as well as Tesla's (TSLA) Model S and X sales,” Jewsikow tells Yahoo Finance. He says, “I think that until we get to the mass-market car, which for Lucid is 2026 and beyond, it's kind of there is a lack of catalyst to really drive growth and see that step function change, improvement in unit economics and profitability, which is tough for investors to underwrite.” “We've seen the same pressure on Rivian, which we're berated on just that this view that until 2026, there's no real catalyst to change EV demand if you don't have a mass-market product,” Jewsikow adds. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Naomi Buchanan.
Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced production and delivery totals for the quarter ended September 30, 2024. During this period, Lucid produced 1,805 vehicles and delivered 2,781 vehicles, of which approximately 8% were subject to operating lease accounting.1
EV maker Lucid (LCID) revealed new information today about its upcoming full-size Gravity SUV at its Technology & Manufacturing Day on Tuesday, September 10. Yahoo Finance senior autos reporter Pras Subramanian explains new information surrounding the Gravity EV, including a charging port to access Tesla's (TSLA) supercharger network and the electric vehicle's pricing starting at $80,000, For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Luke Carberry Mogan.