Flames shoot from plane's engine as aircraft makes emergency landing
A Delta airlines plane made an emergency landing back in L.A. shortly after takeoff after its engine caught fire.
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Globe and Mail
3 hours ago
- Globe and Mail
Prediction: 1 EV Stock That Will Be Worth More Than Lucid 1 Year From Now
Key Points Lucid has struggled to ramp up its production over the past three years. Its track record of missed forecasts and broken promises can't be ignored. Archer Aviation has more irons in the fire than Lucid's luxury EV business. 10 stocks we like better than Lucid Group › Lucid (NASDAQ: LCID), a producer of luxury electric vehicles, attracted a lot of attention when it went public by merging with a special purpose acquisition company (SPAC) four years ago. That's mainly because it was led by Tesla 's (NASDAQ: TSLA) former chief engineer Peter Rawlinson, and it had already started delivering its first Air sedans. Yet, like many other SPAC-backed start-ups, Lucid overpromised and underdelivered. It originally set out to deliver 20,000 vehicles in 2022, 49,000 vehicles in 2023, and 90,000 vehicles in 2024. But in reality, its annual deliveries only reached 4,369 in 2022, 6,001 in 2023, and 10,241 in 2024. Lucid blamed that slower-than-expected growth on its supply chain constraints, intense competition, a challenging macro environment, and the delayed launch of its Gravity SUV. Peter Rawlinson also resigned from the CEO position this February, and the board still hasn't appointed his permanent successor yet. From 2022 to 2024, Lucid's revenue grew at a CAGR of 15% from $608 million to $808 million. However, its net loss widened from $2.56 billion to $3.06 billion. Its stock has declined nearly 90% since its first post-merger trade, but it still has a market cap of $8.6 billion -- or 11 times last year's sales. That high price-to-sales ratio suggests that some investors are hopeful that its Saudi Arabian investors (who own nearly two-thirds of its shares) can help it achieve its goal of more than doubling its production to 20,000 vehicles this year. That's why analysts expect its revenue to surge 71% to $1.38 billion this year as it narrows its net loss of $2.9 billion. I don't have much faith in those estimates, though. Lucid repeatedly missed its own expectations, struggled to scale up its business, and continues to dilute its shares as it racks up steep losses. So, instead of betting on Lucid's Hail Mary turnaround, investors should focus on a less valuable EV stock that might just grow faster and surpass its market cap within the next year: the electric vertical takeoff and landing (eVTOL) aircraft maker Archer Aviation (NYSE: ACHR), which currently has a market cap of $8.43 billion. Why could Archer Aviation have a brighter future than Lucid? Archer's Midnight eVTOL aircraft can carry a single pilot and four passengers, travel up to 100 miles without recharging, and reach a maximum speed of 150 miles per hour. Compared to helicopters, they're quieter, greener, and easier to land in crowded urban areas. Those advantages make them well-suited for short-range taxi services. Archer hasn't generated any meaningful revenue yet, but it ended its latest quarter with a massive backlog of approximately $6 billion. That backlog includes big orders from United Airlines, Future Flight Global, Soracle (a joint venture between Japan Airlines and the Japanese conglomerate Sumitomo), Ethiopian Airlines, Abu Dhabi Aviation, Stellantis, and the U.S. Air Force. Archer plans to start its first air taxi flights in Abu Dhabi later this year. In the U.S., it's waiting for the Federal Aviation Administration's (FAA) final approval for its commercial flights to start up its air taxi services. To support that expansion, it aims to produce 10 aircraft in 2025, 48 aircraft in 2026, 252 aircraft in 2027, and 650 aircraft in 2028. It also plans to launch its own first-party air taxi service within the next two years. If it achieves those goals, analysts expect its annual revenue to rise from $13 million in 2025 to $437 million in 2027. Archer's roadmap sounds ambitious, but its growing backlog could support those plans, and its nascent market is expanding. From 2024 to 2030, Markets and Markets expects the global eVTOL aircraft market to grow at a CAGR of 35.3% as they displace traditional helicopters. Archer has two strengths that Lucid lacks: an early mover's advantage in a nascent market, and a lot of pent-up demand for its products. Lucid entered the EV market long after Tesla and other EV makers saturated the market, and it quietly stopped disclosing the size of its reservation backlog (which had been shrinking) at the start of 2023. With a market cap of $7.5 billion, Archer doesn't look cheap at 17 times its projected sales for 2027. By comparison, Lucid trades at less than two times its estimated sales for 2027. But if Lucid fails to ramp up its production this year, its stock could easily be cut in half. Why could Archer become more valuable than Lucid? Archer still trades at a steep discount to its biggest rival, Joby Aviation (NYSE: JOBY), which trades at a whopping 70 times its projected sales for 2027. If Archer launches its commercial air taxi flights in the U.A.E. and gains the FAA's approval for its planned flights in the U.S., it might command a much higher valuation within the next 12 months. If Archer achieves those goals and its stock trades at 30 times its estimated sales for 2027 by then, its market cap would swell to $13.1 billion and eclipse Lucid's current market cap. As for Lucid, it could struggle to maintain its current market cap if it keeps disappointing its investors. Should you invest $1,000 in Lucid Group right now? Before you buy stock in Lucid Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Lucid Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,774!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,942!* Now, it's worth noting Stock Advisor's total average return is 1,040% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025
CBC
5 hours ago
- CBC
Whether it's meat or veg, here are some tips for your backyard smoker: Jasmine Mangalaseril
Social Sharing "Low and slow" is the mantra for many backyard cooks. If you've added a smoker to your outdoor cooking kit, Dan Dean and Denis Hernandez, chef-owners of Breslau's D&D Smoked Eats, have some tips that will make your smoked foods smokin' hot (even if you're cold-smoking). Large cuts, like briskets, can cook for eight to 12 hours. You can keep them from drying out by adding a water dish inside the smoker, or once a good bark or crust has formed, you can use a mop sauce. Mop sauces can be made with broth or stock, spiced apple cider vinegar, or tallow. "We like to use apple cider vinegar to basically keep the outside temperature lower so you're not overcooking the outside, while the inside's not quite there yet," explained Dean. "You're adding more flavour, but you're also moistening at the same time." Dean suggested brining chicken to help keep it succulent. A generous hand with your seasoning mix solves many under-flavouring issues. Using coarsely ground spices like coriander, cumin or fennel, lets more smoke stick to the food during long, smoky cooks. "When we do our big meats, we season really, really heavy because things will fall off as it's sitting there for eight hours," said Hernandez. "And then, once you tear it all apart, you fold it in and the seasoning mixes with everything." Also, to avoid bitter, acrid flavours from burnt black pepper, add it after cooking. Smoking flavours Just as important with what's going on top of the rack – meat, seafood, fruit or veggie – the quality of what's burning and smouldering under the rack or in the side chamber also counts. "A lot of people use alder for chicken and fish because it's a much milder smoke," said Dean. "They don't want to overpower the fish, but they want to have a little bit of smoke to it." White oak is popular because it burns slowly. Other flavourful woods like cherry or hickory for red meat, apple for pork or chicken, and maple for vegetables can be added. Compound butters (flavoured butters) are a long-held favourite to add flavour to what's coming out of your indoor kitchen. They're equally good on what you cook outdoors. "I'm content with one that just has lemon zest, shallot and chives, or just doing a nice herb compound," said Hernandez. "It's especially good for resting … put your steak down and just throw it on and just let it melt on top nice and slow." You can also think about bringing global flavours to your cookout. Tandoori, Greek, and jerk premixed seasonings can be found in most grocery stores. For a West African feast, suya (aka chinchinga and yaji) mixes can be found online or in some African shops. Hernandez suggested chimichurri (parsley, garlic, olive oil, red wine vinegar, oregano and seasonings), for meats or veg. "You can grill chimichurri, you can smoke chimichurri, you can make a compound butter out of chimichurri, you can do anything." Throw it on the barbie Grilling (hot and fast cooking over a fire), barbecuing (slow cooking over a low flame) and smoking (low and slow cooking using smoke), all fall within the technique of barbecue. Each creates great flavours, but you can also combine them. "We're fortunate there's a section (to our smokers) where we can grill if we need to. We decided to grill our jerk chicken more [in addition to smoking] because it will add a different flavour," said Hernandez. Seafood can be unforgiving. For delicious results, if you're making lobster, Hernandez recommends par-cooking it in the shell. Then separate the meat from the shell, before finishing the meat in the smoker. Root vegetables are fantastic on the grill and in smokers. Hernandez suggested after grilling or smoking rutabaga, pair it with a miso sauce to complement its flavours. If you're thinking about smoking bitter vegetables, remember that they can take on different dimensions. "I don't think greens are smoked or grilled enough. If you have radicchio, when you char or smoke it, that other bitterness that comes into it, kind of milds the [original] bitterness," said Hernandez. "I love this country at this time of year just because there's so much to grill," continued Hernandez. "Just get a fruit you like, or a vegetable, and just grill it. If you don't like it, then you know not to do it again. It's just trial and error."
CTV News
7 hours ago
- CTV News
Neighbours accuse Toronto builder of gaming system to uproot beloved tree for parking pad
A tree stump and chopped up branches are shown after a tree was removed from a property in Toronto, in this undated handout photo. THE CANADIAN PRESS/Handout TORONTO — The big, backyard honey locust had a seating area set up under its canopy and a swing hanging from a sturdy branch. It was one of many trees in Leaside, a residential neighborhood northeast of downtown Toronto that is famous for its old growth and green space, but it was special, says Karen Hwang. It was nothing short of an 'oasis' for her neighbour, who liked to entertain in the backyard. It also benefited Hwang's family next door from the time they moved in 34 years ago, supplying fresh air and blocking noise pollution. 'That tree provided, you know, the wonderful shade, the beautiful esthetic,' she recalled in a recent interview. 'It just had so many positive environmental impacts.' Without the city's permission, the beloved giant was recently brought down, in a case that has sparked neighbourhood outrage and calls for change at city hall. On the morning of June 26, Hwang said she and her husband were eating breakfast while watching the news when they heard a 'big bang' and their television screen went dark. The couple rushed outside to check what happened, and they saw the tree was being cut down, and a big branch had hit their satellite dish. At the time, developer Modcity was preparing to build a fourplex and garden suite on the property after Hwang's neighbour sold her house. The city confirmed there was no permit to remove the tree before construction began. It said it has launched an investigation. The Canadian Press made several unsuccessful attempts to reach Modcity for comment, including email inquiries and a visit to a location listed on its website as the company's address. Privately owned trees with a diameter of 30 centimetres or more are protected under the city's tree protection bylaw. The diameter of the one removed was closer to 80 centimetres, according to neighbors. Kim Statham, the city's director of urban forestry, said there was an application to remove a privately owned tree in October, and city staff worked with the builder for five months to revise the multiplex's design to protect the tree. 'The revised tree-friendly multiplex design created a minor variance that was approved by the Committee of Adjustment,' Statham said. 'The honey locust tree was to remain and not be removed.' Rachel Chernos Lin, the councillor representing the area, said the intent was to protect the tree by moving the building's footprint onto the front yard closer to the street. The developer removed the tree anyway without the city's support. And to add insult to injury, Lin said, the developer applied to place a parking pad where the tree had stood. For community members, the idea of paving a little piece of paradise to put in a parking spot was a bridge too far. 'People feel like (the developer) has really taken advantage of the system and disregarded the rules, and people really care and are very angry about that,' Lin said. Currently, the offence of removing a tree without a permit can carry a fine between $500 and $100,000. It has no impact on permits issued under Ontario's Building Code. The current fine structure is not enough to disincentivize the practice, Lin said. On Thursday, city council adopted a motion Lin proposed that would make tree removal more difficult and add 'additional tools' to protect the city's tree canopy. The motion requests that the provincial Ministry of Municipal Affairs and Housing add the tree bylaw as an applicable law for the purposes of issuing building permits. It also suggests repeat offenders be named and shamed publicly. City staff are expected to report back about progress towards achieving these goals by the end of the year. 'I want to make sure this doesn't happen again,' said Lin. Geoff Kettel, co-president of the Leaside Residents Association, said the builder should not be able to use the revised footprint after taking out the tree that the new design was meant to protect. The supposed compromise allowed the builder to put the multiplex more than two metres closer to the sidewalk, and Kettel said neighbours' bungalows and two-storey homes are now at greater risk of being overshadowed. 'If they destroyed the reason for moving it forward in the first place, there's now no reason to move it forward,' he said. 'People should be obeying the law. They should be doing it right, following the best practices,' he added. 'It's very, very disappointing.' Last week, The Canadian Press visited the construction site, where a concrete foundation had been laid and tree roots were still visible under a pile of soil. Elizabeth Marsden and her friend Ann Aveling walked by the area and stopped to comment on the tree's unfortunate fate. 'It was a beautiful, big red locust and there are not many red locusts,' said Marsden who has lived in the neighborhood for four decades. 'It was just a lovely tree,' she said. 'I was angry. How dare they?' She said she thinks the fines given to builders for such violations are 'peanuts,' and there needs to be better enforcement. Aveling said the uprooting was 'totally unnecessary' and it made her feel sad, especially as the life cycle of many other trees in the neighbourhood is coming to a natural end. 'What drew us to Leaside 40 years ago was the trees, the tree canopy, and you'd have these beautiful shaded streets,' she said. 'Which of course we're now losing.' This report by The Canadian Press was first published July 26, 2025.
