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Latest News:
Lucid Gravity SUV: We've taken the mantle from Tesla, CEO says - Yahoo Finance somewhat bullish
LCID TSLA
Summary: Lucid CEO Peter Rawlinson expresses optimism about the pre-ordering of the Lucid Gravity SUV and highlights its significant market potential compared to the Air sedan. He also believes Lucid has surpassed Tesla in terms of technology.
Full articleLucid CEO: We've taken the mantle from a 'distracted' Tesla - Yahoo Finance somewhat bullish
LCID
Summary: Lucid Motors CEO is bullish on the Gravity SUV, expects it to significantly increase sales and believes their tech is ahead of Tesla's.
Full articleLucid chief says “Tesla is distracted right now” | Top Gear neutral
TSLA LCID
Summary: Lucid Group boss Peter Rawlinson criticizes Tesla for being distracted and emphasizes Lucid's focus on creating electric cars with advanced technology and lower cost.
Full articleLucid CEO says Chinese EVs Are “Many Years Behind Tesla” Despite Improvements - EV neutral
LCID
Summary: Lucid CEO Peter Rawlinson stated in an interview at the Financial Times Car Summit that Chinese electric vehicle manufacturers are 'many years behind Tesla' in terms of battery and drivetrain technologies. Lucid announced the opening of new service centers in Europe and continues to expand in the region. The company delivered nearly 2,000 vehicles in the first quarter of the year and reiterates its annual production guidance for 2024.
Full articleLucid, Tesla, Rivian, and Fisker Have Another No Good Very Bad Day - MotorTrend somewhat bearish
FSR RIVN LCID TSLA
Summary: Bad news for electric vehicle startups and stalwarts as Fisker faces bankruptcy, Rivian and Lucid burn massive amounts of cash, and Tesla continues layoffs.
Full articleElon Musk Says New Tesla Model Y Is Hiding Range Behind Paywall - Jalopnik neutral
TSLA LCID
Summary: 1. Tesla CEO Elon Musk announced that buyers of the Standard Range Model Y can pay $1,500 to $2,000 to unlock an extra 40-60 miles of range, following a similar strategy used in the past with other Tesla models. 2. Lucid Motors is facing concerns over its cash burn and softening electric vehicle market ahead of its first-quarter earnings report, with the company reporting a significant net loss in 2023. 3. The Biden administration is providing $100 million to small and medium-sized auto parts suppliers and manufacturers to transition to electric vehicles, part of a larger effort to support the EV industry.
Full articleApril Deliveries in Germany: Tesla 1,637, BYD 183, Nio 53, Lucid 26 - EV somewhat bearish
TSLA LCID NIO
Summary: Tesla experienced a 32 percent decline in sales in April 2024 compared to the same period in 2023, marking its lowest first-quarter sales in at least four quarters and its lowest monthly performance since 2022. On the other hand, Lucid registered 26 units of its Air model in Germany, and Nio had 53 vehicle registrations, showing growth compared to previous months.
Full article'Don't Jump the Gun Just Yet,' Says Citigroup About Lucid Stock - TipRanks.com neutral
LCID
Summary: Lucid Group (NASDAQ:LCID) has faced challenges due to the steep price point of its Lucid Air amid a slowdown in EV demand, leading to a significant decline in stock price. Analyst Itay Michaeli believes in the company's strong EV tech position but highlights branding hurdles and execution risks. The upcoming Gravity SUV launch will be crucial for the company's future success.
Full articleLucid Group (NASDAQ:LCID) Given "Neutral" Rating at Citigroup - MarketBeat somewhat bearish
LCID
Summary: Lucid Group's stock received a "neutral" rating reissued by Citigroup analysts with a $2.90 price target, representing a 21.85% potential upside from the previous close. Multiple analysts have downgraded the stock to either "underweight" or reduced their price targets.
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