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Lucid still has a lot to prove, but I believe its stock could finally bottom out if it achieves its near-term goals. Declining interest rates and any positive developments for the sluggish EV ...
Lucid (NASDAQ: LCID) has been making electric vehicles for a few years and, like many EV start-ups, is working hard to build a brand, ramp up production, and carve out a niche in an increasingly ...
Lucid's Q1 report showed that the company is making progress. It also reminded us that big growth is still a long way off. This Shows Why Lucid Investors Could Be Waiting a Long Time for Big Returns
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Lucid is a long-term bet, he said, and one that Saudi Arabia’s PIF sovereign wealth fund is deeply committed too. “My view is [Lucid] is a long-term play; it's like Tesla, it's like Amazon. We ...
His goal is to make Lucid a "major volume player," including the planned late 2024 launch of an electric SUV and a planned 2026 launch of a mid-sized sedan. [25] His name is on dozens of patents for battery technology or other innovations, and Rawlinson oversaw Lucid’s development of the battery used by all the teams in the Formula E electric ...
Lucid stock surged on Monday after the EV maker reported upbeat sales results for the quarter and full year. Lucid said it produced 3,386 EVs and delivered 3,099 in the fourth quarter, up from the ...
As noted by Lucid's CEO, the company is on track to produce over 10,000 vehicles in 2023, though that is on the low end of Lucid's 10,000 to 14,000 production forecast.