Latest news with #GravitySUV
Yahoo
6 days ago
- Automotive
- Yahoo
Lucid Stock Jumped Today. Is It a Buy Around $2?
Lucid shipped nearly 40% more vehicles in the second quarter versus last year. Lucid has previously said it plans to offer lower-priced vehicles to expand its market further. A mass-market vehicle will ultimately determine if the company will be successful. 10 stocks we like better than Lucid Group › Earlier this week Tesla reported a 14% decline in second-quarter electric vehicle (EV) deliveries versus last year. Some of that drop is due to increasing competition from traditional automakers and smaller EV makers alike. One of the latter is Lucid Group (NASDAQ: LCID). Lucid serves the high-end market, and just reported second-quarter sales that jumped 38% year over year. Of course, the record 3,309 EVs Lucid sent to customers pales in comparison to the more than 384,000 deliveries Tesla reported. Investors sent Lucid shares higher nonetheless. The stock jumped as much as nearly 9% on the news Thursday morning. At noon ET the stock was still higher by 5.9%. For the first half of 2025, Lucid has delivered more than 6,400 vehicles. That compares to just over 10,200 for the full year 2024. That increase came as Lucid began shipping its latest EV model. The luxury Gravity SUV is the first new design after its Air sedans and is helping to expand Lucid's market. As mentioned, though, Lucid's volume is still just a drop in the bucket compared to sector leader Tesla. Buying the stock now would require a belief that it will successfully expand beyond the Air and Gravity models. The company has said it plans to offer lower-priced EVs in the future. That will need to come to fruition for the stock to move meaningfully higher. Lucid has some time to make that happen, though. The company ended the first quarter with almost $6 billion in total liquidity. It also has support from the Saudi Arabian Public Investment Fund (PIF), its largest shareholder. But the company is still bleeding cash. Even though it has improved as sales volume has picked up, Lucid's net loss from operations in the first quarter was over $366 million. Investors will know more when the company reports second-quarter full financial results on Tuesday, Aug. 5. Before you buy stock in Lucid Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 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 $692,914!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $963,866!* Now, it's worth noting Stock Advisor's total average return is 1,050% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Howard Smith has positions in Lucid Group and Tesla. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Lucid Stock Jumped Today. Is It a Buy Around $2? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Automotive
- Yahoo
Rivian, Lucid to Benefit From Trump Tax Bill, BNP Paribas Says
(Bloomberg) -- Shares of Rivian Automotive Inc. and Lucid Group Inc. gained as much as 4.6% and 8.8%, respectively, on Thursday as BNP Paribas sees the EV makers benefiting from President Donald Trump's tax and spending bill ending electric vehicle tax credits. NYC Commutes Resume After Midtown Bus Terminal Crash Chaos Struggling Downtowns Are Looking to Lure New Crowds Massachusetts to Follow NYC in Making Landlords Pay Broker Fees What Gothenburg Got Out of Congestion Pricing Foreign Buyers Swoop on Cape Town Homes, Pricing Out Locals The bill, which was passed by the US Senate and is expected to be passed by the House of Representatives on Thursday, would end the $7,500 electric vehicle consumer tax credit after Sept. 30. Getting rid of the tax credit is projected to lead to a drop in demand for electric vehicles later in the year, but not all automakers are expected to be impacted equally. 'Similarly to RIVN, we do believe LCID stands to benefit from reduced EV competition as OEMs deemphasize US EV ambitions,' BNP Paribas analyst James Picariello wrote in a note to clients Thursday. Automakers like General Motors Co., Ford Motor Co., Hyundai Motor Co. and its affiliated Kia Corp. have ramped up EV production in recent years. But without government incentives, and with consumer demand softening, BNP expects those efforts to slow, Picariello wrote. But for companies that solely focus on electric vehicles like Rivian, Lucid and Tesla Inc., this could lead to more market share available. The bill offers a potential boon for the electric vehicle stocks, which have broadly declined this year amid macroeconomic pressures including tariff uncertainty. Rivian may also benefit from continued backlash against Elon Musk and Tesla for his previous involvement in the Trump administration, Picariello wrote. Tesla delivered 384,122 vehicles in the second quarter, a 13% year-over-year decline, the company reported on Wednesday. Rivian and Lucid both fell short of expectations in the second quarter. Rivian delivered 10,661 vehicles, 2.3% below the average analyst estimate. Lucid delivered 3,309 vehicles in the second quarter, 4% below the average analyst estimate. BNP expects third-quarter deliveries to rise as consumers rush to buy before the tax credit ends. Rivian is likely to benefit more than Lucid, given Lucid's slower production ramp and the fact that its Gravity SUV isn't expected to be available until the end of 2025, and the crossover utility vehicle until 2027. Picariello has an outperform rating on Rivian and an underperform rating on Lucid. SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too How to Steal a House America's Top Consumer-Sentiment Economist Is Worried China's Homegrown Jewelry Superstar Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Arab News
7 days ago
- Automotive
- Arab News
EV maker Lucid's quarterly deliveries rise but miss estimates
LONDON: Electric automaker Lucid on Wednesday reported a 38 percent rise in second-quarter deliveries, which, however, missed Wall Street expectations amid economic uncertainty. Demand for Lucid's pricier luxury EVs have been softer as consumers, pressured by high interest rates, shift toward cheaper hybrid and gasoline-powered cars. Lucid delivered 3,309 vehicles in the quarter ended June 30, compared with estimates of 3,611 vehicles, according to seven analysts polled by Visible Alpha. It had delivered 2,394 vehicles in the same period last year. Saudi Arabia-backed Lucid produced 3,863 vehicles in the quarter, missing estimates of 4,305 units, but above the 2,110 vehicles made a year ago. The company stuck to its annual production target in May, allaying investor worries about manufacturing at a time when several automakers pulled their forecasts due to an uncertain outlook. US President Donald Trump's tariff policy has led to a rise in vehicle prices as manufacturers struggle with high material costs, forcing them to reorganize supply chains and produce domestically. Lucid's interim CEO, Marc Winterhoff, had said in May that the company was expecting a rise of 8 percent to 15 percent in overall costs due to new tariffs. The company's fortunes rest heavily on the success of its newly launched Gravity SUV and the upcoming mid-size car, which targets a $50,000 price point, as it looks to expand its vehicle line and take a larger share of the market. Deliveries at EV maker Tesla dropped 13.5 percent in the second quarter, dragged down by CEO Elon Musk's right-wing political stances and an aging vehicle line-up that has turned off some buyers.
Business Insider
7 days ago
- Automotive
- Business Insider
Lucid Misses Q2 Delivery Target—Is This Penny Stock Still a Growth Play?
As electric vehicle makers try to stay on track in a tough market, penny stock Lucid Motors (LCID) is still fighting to prove it has long-term potential. In the second quarter of 2025, Lucid delivered 3,309 vehicles, a 6% increase from the previous quarter and a new record for the company. However, Lucid missed Wall Street's forecast of 3,611 deliveries. The shortfall has renewed concerns about soft demand, especially for its premium Gravity SUV, which is key to Lucid's growth strategy. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Even more worrying is the pace of output. Lucid has built just 6,075 vehicles so far this year. To meet its full-year goal of 20,000 units, it needs to more than double production in the second half. So, is Lucid still a stock with strong growth potential? Wall Street isn't too sure. Most experts now rate Lucid as a Hold, meaning they don't see big gains coming soon. The company is making some progress, but it still struggles to grow fast enough. Until the Gravity SUV starts selling well, the stock may not move much. Lucid Bets Big on Its New Gravity SUV Lucid is relying on its new Gravity SUV to help close the gap in production and drive future growth. The company began building the SUV in late 2024, but most of the early units went to employees, friends, and family. Only recently has Lucid started delivering the Gravity to regular customers. LCID's interim CEO Marc Winterhoff has admitted that the rollout has been slower than planned. He blamed the delays on strict quality checks and rising costs tied to new U.S. tariffs. According to Winterhoff, those tariffs have increased Lucid's overall costs by 8% to 15%. The company is also still working through supply chain problems that continue to slow production. Despite the setbacks, Lucid said that customer interest in the Gravity SUV remains strong. All Eyes on Q2 Earnings Lucid is set to report its Q2 earnings in August. Investors will be watching for signs that the Gravity SUV is gaining momentum beyond early adopters. If Lucid can't build and sell the Gravity SUV quickly, it could fall further behind, especially as more people pick cheaper cars like hybrids or gas models. , an improvement from the $0.34 per share loss in the same quarter last year. Meanwhile, revenues are expected to rise by 46% from the same quarter last year, reaching $292.3 million in Q2. Is Lucid Stock a Good Buy Right Now? Turning to Wall Street, analysts have a Hold consensus rating on LCID stock based on one Buy, seven Holds, and one Sell assigned in the past three months, as indicated by the graphic below. After a 9.87% loss in its share price over the past year, the average LCID price target of $2.79 per share implies 36.10% upside risk.
Globe and Mail
7 days ago
- Business
- Globe and Mail
Down Over 30%, Should Investors Buy the Dip on Lucid Stock?
Lucid (NASDAQ: LCID) investors are hopeful the new Gravity SUV will spur sales for the EV start-up. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » *Stock prices used were the afternoon prices of June 30, 2025. The video was published on July 2, 2025. 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 $697,627!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $939,655!* Now, it's worth noting Stock Advisor 's total average return is1,045% — a market-crushing outperformance compared to178%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 June 30, 2025 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
