Lucid Group, Inc. Common Stock
LCIDLucid Group, Inc. is an American electric vehicle manufacturer known for its luxury electric cars with a focus on high performance, advanced technology, and long-range capabilities. Founded with the goal of transforming sustainable transportation, Lucid produces premium electric sedans aimed at competing with established luxury automobile brands. The company emphasizes innovative battery technology and cutting-edge design to deliver a premium driving experience.
Company News
Lucid Group is ramping up EV production but faces significant challenges competing against established automakers and Tesla. Despite award-winning vehicles and industry-leading battery technology, the company remains unprofitable with production of only 18,000 vehicles in 2025 compared to Tesla's 1.65 million. A recent reverse stock split signals...
Lucid Group shares surged 22% over two days following a Cantor Fitzgerald report confirming the Saudi Public Investment Fund's (PIF) continued commitment to the EV maker. The PIF, which owns over 50% of Lucid and has invested more than $9 billion, reaffirmed its long-term backing. Analyst Andres Sheppard noted this commitment provides stability a...
U.S. stocks rebounded cautiously on Wednesday following Trump's remarks at Davos regarding Greenland as a national security priority. The market showed restraint with the Dow up 0.6%, while the oil and gas sector surged due to forecasts of an Arctic blast. Natural gas futures jumped nearly 24%, marking the largest two-day gain on record. Mixed ea...
Rockwell Automation has deepened its collaboration with Lucid Group to support the automaker's manufacturing facility in Saudi Arabia's King Abdullah Economic City. Rockwell will deploy its FactoryTalk manufacturing execution system (MES) to optimize production across assembly, paint, stamping, body, and powertrain operations, while also providin...
Lucid Group, an EV startup, trades near $10 per share following a 1-for-10 reverse stock split in August 2025. Despite award-winning technology and 104% year-over-year production growth, the company faces significant challenges: it's unprofitable, has only 18 months of cash runway, produces minimal vehicles compared to competitors, and operates i...
