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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.

News
Lucid Announces Second Quarter 2023 Financial Results, On Track for Annual Production Guidance of More Than 10,000 Vehicles
Rhea-AI Summary
Lucid Group, Inc. reported Q2 revenue of $150.9 million on deliveries of 1,404 vehicles. The company has a total liquidity of $6.25 billion and is on track to manufacture more than 10,000 vehicles in 2023. Lucid also secured contracts worth over $450 million with Aston Martin. The original pricing for Lucid Air All Wheel Drive starts at $82,400. The company finalized a purchase agreement with the Government of Saudi Arabia. Production for Lucid Air Sapphire and Lucid Air Pure Rear Wheel Drive is set to begin in mid-September. The Lucid Gravity SUV unveiling is scheduled for November, with production starting in late 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.17%
Tags
earnings
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News
Lucid Announces Q2 Production & Deliveries, Sets Date for Second Quarter 2023 Results
Rhea-AI Summary
Lucid Group, Inc. announced production and delivery totals for Q2 2023. They produced 2,173 vehicles and delivered 1,404 vehicles during the period. The company also began material shipments to the Kingdom of Saudi Arabia. Lucid will host an earnings conference call on August 7, 2023, to discuss its financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.82%
Tags
earnings
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News
Lucid's World-Leading Electric Powertrain Technology Propels Aston Martin to a Bold Electric Future
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.46%
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none
News
Lucid Group, Inc. Announces Pricing of Public Offering of Common Stock and Corresponding Investment by an Affiliate of PIF for Aggregate Gross Proceeds of Approximately $3.0 Billion
Rhea-AI Summary
Lucid Group, Inc. has priced its underwritten public offering of 173,544,948 shares of its common stock for approximately $1.2 billion. In addition, its majority stockholder Ayar Third Investment Company has agreed to purchase 265,693,703 shares in a private placement for approximately $1.8 billion. Ayar expects to maintain its approximate 60.5% ownership of Lucid's outstanding common stock. The net proceeds will be used for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.24%
Tags
offering
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News
Lucid Group, Inc. Announces Public Offering of Common Stock and Corresponding Investment by an Affiliate of PIF for Aggregate Expected Gross Proceeds of Approximately $3.0 Billion
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.24%
Tags
offering
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News
Lucid Motors Announces Andrea Soriani as Vice President of Marketing
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.58%
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none
News
Lucid Announces First Quarter 2023 Financial Results
Rhea-AI Summary
Lucid Group, Inc. (NASDAQ: LCID) reported first quarter revenue of $149.4 million, a year-over-year increase of 159%. They produced 2,314 vehicles and delivered 1,406 vehicles during the same period. Lucid plans to manufacture over 10,000 vehicles in 2023 and ended the quarter with approximately $4.1 billion total liquidity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.58%
Tags
earnings
-
News
Lucid's Upcoming Gravity Luxury Electric SUV Hits the Road in Latest Phase of Development and Testing
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.71%
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none
-
News
Lucid Announces New Board Members, Sherif Marakby, Chabi Nouri, and Ori Winitzer
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.43%
Tags
management
News
The Power of the Dark Side; Lucid Begins Deliveries of 'Stealth Appearance' Darkened Exterior Design Theme
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.22%
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none
Stock LCID logo
Lucid Group Inc

Nasdaq:LCID

LCID Rankings

#1110 Ranked by Market Cap
#5172 Ranked by Stock Gains
N/A Ranked by Dividends

LCID Stock Data

5.74B
883.08M
1.85%
74.32%
12.06%
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.