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Stock impact report

More Great News for Lucid Heading Into 2025. Is It a Buy Now? [Yahoo! Finance]

Lucid Group, Inc. (LCID) 
Company Research Source: Yahoo! Finance
President-elect Donald Trump has occasionally spoken out against EVs, and the transition team is rumored to be heavily considering ending the $7,500 federal tax credit, which could soften EV demand. But if Lucid Group (NASDAQ: LCID) CEO Peter Rawlinson is to be believed, Lucid's investors might not have much to worry about. Here's why. Are You Missing The Morning Scoop? Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Lucid has recently rewarded patient investors, some of whom have hung around through multiple delivery disappointments and production snags, with three consecutive quarters of deliveries in 2024. In fact, the young EV maker has already outsold its 6,001-delivery mark set in 2023 by over 1,100 vehicles through the first nine months of 2024. This delivery momentum, if you want to call it that, could hit a speed bump with Reuters reporting that Trump's transition team is "planning to kill" the industry's $7,500 federal tax credit. Accor Show less Read more
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