The Latest Breaking News from LCID

Lucid halved its production outlook on "extraordinary challenges." RIDE stock soared as Lordstown, Nikola, Fisker back targets

Concerns such as inflation, semiconductor chip shortage, and supply-chain disruptions have posed significant challenges for EV manufacturers. Despite the pent-up demand, the industry is grappling with ways to cope with the production challenges. Given this backdrop, we think avoiding fundamentally weak EV stocks NIO Inc. (NIO) and Lucid Group (LCID)…

Someone with a lot of money to spend has taken a bearish stance on Lucid Gr (NASDAQ:LCID). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

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…

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…

Inflation is running at a 40-year high, and the Fed’s aggressive moves to clamp down on inflation have led to a steep sell-off in the market. However, popular stocks Realty Income (O), Las Vegas Sands (LVS), and Lucid Group (LCID), which still look overvalued at their current price levels, are…

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…

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…

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.