-
Lucid Stock Falls On Q4 Results, CEO Exit: Analysts See 'Surge In Demand' For Gravity SUV
Wednesday, February 26, 2025 - 2:24pm | 562Lucid Group Inc (NASDAQ:LCID) analysts highlight the strengths and weaknesses of the EV company after announcing a CEO transition and fourth-quarter financial results. The Lucid Analysts: Cantor Fitzgerald analyst Andrew Sheppard maintained a Neutral rating on Lucid with a $3 price target. Needham...
-
Lucid's Interim CEO Clarifies On Peter Rawlinson's Earlier Statement: 'Doesn't Mean We Are Deprioritizing Our Automotive Car Business'
Wednesday, February 26, 2025 - 6:31am | 442Lucid Group Inc.’s (NASDAQ:LCID) interim CEO Marc Winterhoff on Tuesday refuted reports that the company is looking to make its car business merely a side hustle in the future. What Happened: Winterhoff said during the company’s fourth-quarter earnings call on Tuesday that a statement...
-
Lucid's Peter Rawlinson Suddenly Exits Without Attending Q4 Earnings Call: 'Untraditional To Make A Change Like This'
Wednesday, February 26, 2025 - 3:48am | 659Peter Rawlinson has stepped aside from his prior roles as Chief Executive Officer, Chief Technology Officer, and Board of Director at Lucid Group Inc. (NASDAQ:LCID), the EV startup said in a statement on Tuesday. What Happened: “Now that we have successfully launched the Lucid Gravity, I have...
-
Peter Rawlinson Wants Lucid To Be The Intel Of EVs: 'You Flash Your Microsoft Office… Bill Gates Gets His Royalty… I Want To Be Like That'
Monday, February 10, 2025 - 8:10am | 477Lucid Motors Inc. (NASDAQ:LCID) CEO Peter Rawlinson envisions the EV company being more of a supplier than a carmaker in the future, similar to the ambitions of Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk. What Happened: In an interview with InsideEVs at the BloombergNEF Summit in San Francisco,...
-
Lucid Forms Cross As Gravity SUV, Earnings Show Progress
Tuesday, November 19, 2024 - 2:57pm | 524Lucid Group Inc. (NASDAQ:LCID) finds itself in a precarious position as its stock forms a Death Cross—a bearish signal where the 50-day moving average ($2.94) falls below the 200-day moving average ($3.02). Chart created using Benzinga Pro While this technical event is often seen as a harbinger...
-
Lucid CEO Scrambles For Damage Control As Shares Plunge 47% This Year: 'As A Major Shareholder…Believe Me, Nobody Is More Incentivized Than Me For Success'
Saturday, November 9, 2024 - 10:08pm | 542Shares of EV maker Lucid Motors (NASDAQ:LCID) closed at $2.21 on Friday, down by nearly 47% since the start of this year. What Happened: Lucid CEO Peter Rawlinson sought to assuage investor concerns of dropping share value at the company’s third-quarter earnings call this week. “I...
-
Lucid To Start Taking Orders for Gravity SUV Next Week, But Only For Premium Variant Priced At About $95,000
Wednesday, October 30, 2024 - 2:11am | 660California-based EV startup Lucid Motors (NASDAQ:LCID) will start taking orders from customers in the U.S. for its Gravity SUV starting Nov. 7, the company said on Tuesday. What Happened: Orders will initially be taken for the Grand Touring trim of the SUV starting from $94,900 which is expected to...
-
Lucid Capital Raise Should Be 'Zero Surprise To Anyone,' CEO Says
Thursday, October 24, 2024 - 10:38am | 532Shares of luxury EV maker Lucid Group (NASDAQ:LCID) dropped after the company announced a nearly $1.75 billion capital raise last week. Lucid CEO Peter Rawlinson told CNBC the move was intended to prevent the need for a “going concern” disclosure. In other words, the company’s...
-
Lucid CEO Throws Cold Water On Tesla's Robotaxi Vision, Says Self-Driving Cars Won't Happen 'Till The 2030s'
Wednesday, October 23, 2024 - 6:18pm | 760Tesla Inc (NASDAQ:TSLA) is betting on robotaxis as one of its next phases of growth, but a former employee turned rival doesn't see autonomous vehicles being released anytime soon. What Happened: In a recent interview, Lucid Group (NASDAQ:LCID) CEO Peter Rawlinson highlighted the difficulties of...
-
Lucid Not Ready To Take On Tesla Cybertruck: CEO Says 'Tough To Make An Electric Pickup Truck Work Today'
Wednesday, September 11, 2024 - 11:48am | 720Lucid Group (NASDAQ:LCID) isn't ready to make an electric pickup truck yet to compete with the Tesla Inc (NASDAQ:TSLA) Cybertruck, but hopes its new SUVs can take on the EV leader. What Happened: A presentation by Lucid CEO Peter Rawlinson Tuesday highlighted the company's upcoming Gravity SUV and...
-
Lucid Teases Upcoming Midsize SUV Meant To Rival Tesla's Model Y
Wednesday, September 11, 2024 - 5:15am | 621California-based EV startup Lucid Group (NASDAQ:LCID) on Tuesday offered a sneak peek at its upcoming midsize SUV slated to compete against Tesla Inc‘s (NASDAQ:TSLA) bestselling Model Y. What Happened: Lucid on Tuesday showed a darkened image of the upcoming midsize vehicle at its technology...
-
Lucid Air EV 'Indestructible' In New Retrofit: Here's How Much The 'Fastest Armored Car On The Planet' Costs
Wednesday, August 28, 2024 - 5:17pm | 649A new version of the Lucid Air Sapphire is being touted as both “indestructible” an the “fastest armored car on the planet.” It also exemplifies a continued fascination with bulletproof capabilities and other special features of electric vehicles. What Happened: Lucid Group...
-
Tesla Gets Relief In Europe, Ford's Electrification Struggles, Lucid Boasts Of Tech Leadership And More: Biggest EV Stories Of The Week
Saturday, August 24, 2024 - 10:00am | 1213Most electric-vehicle stocks advanced in the week ended Aug. 23, rising along with the broader market on hopes that a Federal Reserve rate cut is imminent. But company-specific news weighed down on some of them. Here’s a rundown on what happened in the EV space during the week: Mixed Tidings...
-
Musk, Take Notice: Lucid Unveils 3 Affordable EVs To Compete With Tesla's Model Y, Model 3
Thursday, August 22, 2024 - 4:51pm | 623A battle between Lucid Group Inc (NASDAQ:LCID) and Tesla Inc (NASDAQ:TSLA) could be heating up with more affordable vehicles coming in the electric vehicle sector. What Happened: Lucid Group is set to launch the highly anticipated Lucid Gravity SUV later this year, which could highlight the company...
-
Lucid CEO Peter Rawlinson Says His EV Tech Is 8 Years Ahead Of Elon Musk's Tesla
Thursday, August 15, 2024 - 3:59pm | 775Lucid Group (NASDAQ:LCID) CEO Peter Rawlinson has not shied away from praising his company's technology and its superiority over rival electric vehicle companies. Rawlinson has new comments that could spark debate among EV companies. What Happened: In recent months, Rawlinson has emphasized how far...