What's Wrong With Lucid Group Stock? [Yahoo! Finance]
Lucid Group, Inc. (LCID)
Company Research
Source: Yahoo! Finance
People wanted to copy Tesla , and investors were fueling the EV makers with absurd levels of funding. It was a fun time. Well, maybe only if you didn't buy the stocks. One company still kicking around is Lucid Group (NASDAQ: LCID) . The aspiring luxury EV brand went public with much fanfare in 2021 as it aims to build the next generation of upscale automotive products. Now, its stock is off 96% from all-time highs and down 26.3% in the last month alone. The company is struggling to grow production and find willing customers while managing intense cash burn and worrying unit economics. Scary stuff. Here's what went wrong with Lucid Group, and why the stock is down 96% from all-time highs. Lucid Group is aiming to build an EV brand that is on par with other luxury brands such as BMW , Audi, and Mercedes-Benz. It seems to have fulfilled this goal with the first model it put out, the Lucid Air. The sedan costs close to $100,000 and has solid reviews for its comfort and style. Thi
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News
- LUCID ALERT: Bragar Eagel & Squire, P.C. is Investigating Lucid Group on Behalf of Long-Term Stockholders and Encourages Investors to Contact the FirmGlobeNewswire
- Lucid opens Gravity orders in bid to reshape SUV market [Yahoo! Finance]Yahoo! Finance
- Where Will Lucid Stock Be in 1 Year? [Yahoo! Finance]Yahoo! Finance
- Lucid Group, Inc. (NASDAQ: LCID) had its price target lowered by analysts at Royal Bank of Canada from $3.00 to $2.00. They now have a "sector perform" rating on the stock.MarketBeat
- Why Lucid Stock Is Falling Today [Yahoo! Finance]Yahoo! Finance
LCID
Earnings
- 11/7/24 - Beat
LCID
Sec Filings
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- 11/4/24 - Form SC
- LCID's page on the SEC website