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Lucid Group Inc - LCID STOCK NEWS

Welcome to our dedicated news page for Lucid Group (Ticker: LCID), a resource for investors and traders seeking the latest updates and insights on Lucid Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lucid Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lucid Group's position in the market.

Rhea-AI Summary
Lucid Group, Inc. (LCID) reported strong financial results for Q4 and full year 2023, with revenue of $157.2 million and $595.3 million, respectively. The company delivered 1,734 vehicles in Q4 and 6,001 vehicles in 2023, showing a 37% increase compared to 2022. Lucid also met the higher end of its 2023 production guidance, producing 8,428 vehicles. The company ended the year with approximately $4.78 billion in total liquidity and announced a 2024 production guidance of around 9,000 vehicles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.76%
Tags
earnings
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Rhea-AI Summary
Lucid Group, Inc. (LCID) announces new pricing and ownership benefits for Lucid Air electric vehicles, aiming to lower barriers for prospective EV drivers. Lucid Air Pure now starts at $69,900, with two years of scheduled maintenance included. The company also offers a new charging allowance of $1,000 towards Lucid charging accessories. Lucid's commitment to reducing price and enhancing ownership experience reflects in its recognition as America's most awarded new luxury vehicle and Car and Driver's 10Best list for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.22%
Tags
none
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Rhea-AI Summary
Lucid Group, Inc. (LCID) appoints Matt Everitt as General Counsel to oversee the company's legal affairs globally and provide strategic legal guidance for its ambitious growth plans. With a proven track record in the automotive industry and government, Everitt brings valuable expertise to Lucid's leadership team.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.67%
Tags
management
Rhea-AI Summary
Lucid Group, Inc. (NASDAQ: LCID) announced production and delivery totals for the quarter ended December 31, 2023. The company produced 2,391 vehicles and delivered 1,734 vehicles during Q4. In 2023, Lucid produced 8,428 vehicles and delivered 6,001 vehicles. Lucid will host a conference call to discuss its fourth quarter 2023 financial results on February 21, 2024. The company is partnering with Say Technologies to allow shareholders to submit and upvote questions for the earnings call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.4%
Tags
earnings
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Rhea-AI Summary
Lucid Group, Inc. (NASDAQ: LCID) announced the resignation of Sherry House, the CFO, effective immediately. Gagan Dhingra will serve as interim CFO while the search for a replacement is underway. Ms. House will assist in the transition until December 31, 2023. Lucid's CEO expressed gratitude for Ms. House's contributions and confidence in the company's future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.46%
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none
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Rhea-AI Summary
Lucid Group, pioneering a new era of luxury electric experience with the Lucid Air, announced updates to the Air lineup. The lineup now includes four models: Air Pure, Air Touring, Air Grand Touring, and Air Sapphire. The Air Pure was recently added to Car and Driver's 10Best List and has an EPA-estimated range of 419 miles+, starting from $77,400++. The Lucid Air Touring, starting at $85,900++, adds all-wheel drive and over 400 miles of range. The Air Grand Touring is projected to remain the longest-range electric car on the market. The Air Sapphire is the world's first electric super-sports sedan, with 427 miles of EPA-estimated range and a 0-60 mph time of under two seconds.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.9%
Tags
none
Rhea-AI Summary
Lucid Group, pioneering luxury electric vehicles, announces Car and Driver 10Best List recognition for the Lucid Air Pure RWD at a starting price of $77,400. Lucid's ultra-efficient EV technology delivers greater range and performance without the cost and weight of ever-larger battery packs. The Lucid Air Pure RWD offers an EPA-estimated range of 419 miles and comes with wireless Apple CarPlay®, a 34-inch curved Glass Cockpit display, and heated front seats and steering wheel.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.9%
Tags
none
-
Rhea-AI Summary
Lucid Group, Inc. (NASDAQ: LCID) introduces the groundbreaking new Lucid Gravity luxury electric SUV, offering an unprecedented combination of space, luxury, and performance. With a projected driving range of over 440 miles, the Gravity SUV features a spacious interior for up to seven adults, a sleek aerodynamic design, and a starting price under $80,000. The Gravity SUV represents a significant leap forward for Lucid's world-leading technology and design, combining innovation, luxury, and versatility in one remarkable vehicle.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.42%
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none
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Rhea-AI Summary
Lucid Group, Inc. (NASDAQ: LCID) introduces RangeXchange, a vehicle-to-vehicle (V2V) adapter that allows Lucid Air owners to charge other electric vehicles. This innovative feature adds 24 to 40 miles of range per hour and is made possible by Lucid's bi-directional charging technology and proprietary software. The new adapter will be available for purchase in the U.S. and requires a separate charging cable adapter. The OTA software update is needed to enable this feature.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.94%
Tags
none
Rhea-AI Summary
Lucid Group, Inc. (NASDAQ: LCID) appoints Marc Winterhoff as Chief Operating Officer, highlighting the company's focus on international expansion, go-to-market strategy, and manufacturing operations. Winterhoff brings 27 years of automotive and software industry experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.14%
Tags
none
Lucid Group Inc

Nasdaq:LCID

LCID Rankings

LCID Stock Data

7.66B
880.32M
1.82%
74.24%
11.05%
Motor Vehicle Body Manufacturing
Manufacturing
Link
United States
Newark

About LCID

we set out to create a car that elevates the human experience and transcends the perceived limitations of space, performance, and intelligence. a car that is intuitive, liberating, and designed for all the ways people get around. we plan to lead in this new era of mobility by returning to the fundamentals of great design – where every decision we make is in service of the individual. because when you are no longer bound by convention, you are free to define your own path.