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Price
$3.35Annual Revenue
$595.27 MAnnual EPS
-$1.36Annual ROE
-61.48%Beta
1.68Events Calendar
Next earnings date:
Feb 21, 2025Recent quarterly earnings:
Nov 07, 2024Recent annual earnings:
Feb 21, 2024Next ex-dividend date:
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N/ARecent split:
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Lucid Motors' stock saw a significant increase on Monday morning. This rise in value can be attributed to positive news or developments related to the company. Investors reacted favorably, leading to a boost in the stock price.
Lucid Group Inc (NASDAQ:LCID) saw its shares increase by almost 5% on Monday morning after the luxury electric vehicle company announced fourth-quarter deliveries that were better than expected, thanks to price reductions and appealing financing options. The Saudi-backed company delivered 3,099 vehicles in the quarter ending December 31, which was higher than analysts' predictions of 2,637, marking an 11% rise from the previous quarter and a 78% increase compared to the same time last year.
Lucid Group announced that it achieved its highest number of vehicle deliveries in the fourth quarter. The electric vehicle company also stated that it produced 9,029 units and delivered 10,241 cars in 2024.
NEWARK, Calif., Jan. 6, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), known for creating the most advanced electric vehicles globally, has shared its production and delivery figures for the quarter that ended on December 31, 2024.
The electric vehicle (EV) market is expected to grow significantly in 2025, with global sales anticipated to increase by 30%, as reported by S&P Global Mobility. This growth could lead to 15.1 million new battery electric vehicles (BEVs) being added to the roads, a notable increase from the 11.6 million expected in 2024.
Even with many partnerships, promotions, and strong financial support from the Saudi Public Investment Fund (PIF), Lucid Motors (NASDAQ: LCID) faced challenges in the stock market throughout 2024.
Lucid Group's shares (LCID 5.28%) are increasing significantly today. Although the electric vehicle manufacturer has not published its own production and delivery numbers for the fourth quarter, information from other companies in the industry is encouraging investors.
The stock of electric vehicle manufacturer Lucid Group (LCID -1.33%) rose by as much as 5% today. However, as the day went on, those gains started to decrease, and by 1:20 p.m., the stock was down by 1%.
SoundHound, a voice AI company, has teamed up with Lucid, a manufacturer of electric vehicles. According to a press release on January 2, the car company has introduced its hands-free voice assistant called Lucid Assistant, which is powered by SoundHound's AI technology.
SANTA CLARA, Calif.--(BUSINESS WIRE)---- $SOUN #AutoTech--SoundHound AI, Inc. (NASDAQ: SOUN), a top company in voice artificial intelligence, has revealed that Lucid, known for its cutting-edge electric cars, has introduced the Lucid Assistant. This innovative hands-free voice assistant allows users to control various vehicle features simply by speaking. To showcase how well the Lucid Assistant works, SoundHound will organize a hands-on demonstration.
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