Lucid is raising $3 billion via a secondary stock offering, including about $1.8 billion from the Saudi fund that controls the automaker.
Electric-vehicle maker Lucid Group Inc said on Wednesday it was raising about $3 billion from Saudi Arabia's Public Investment Fund (PIF) and others.
Shares of electric vehicle (EV) maker Lucid Motors (NASDAQ: LCID ) are on the downtrend again today. At the time of writing, LCID stock has dropped around 1%, in line with many of its peers, as inves

Lucid: Great Car, but Poor Financial Situation

03:25pm, Tuesday, 30'th May 2023
The SPAC craze of 2020 and 2021 produced very few winners, but a spectacular number of losers. High-end luxury electric vehicles was believed to be a viable business concept during the special purpose

2 Falling Knives to Avoid

11:29am, Saturday, 27'th May 2023
Here are two stocks I think are falling knives that you should avoid.

3 Meme Stocks Ready to Get Short Squeezed

05:24am, Friday, 26'th May 2023
Some of the top meme stocks had an epic rally in 2021. The hedge funds were on the receiving end as they were caught in a big short squeeze.
While electric vehicles may dominate the roadways of the future, their general underperformance since the beginning of 2022 has clouded the narrative of EV stocks with high potential. To be sure, the

Lucid Has Big Problems

03:53am, Wednesday, 24'th May 2023
Lucid's production pace is disappointing. Inventory is piling up, as deliveries are lagging.
As we see governments making huge investments to achieve their clean energy goals, everyone is talking about a greener future. Electric vehicle (EV) companies are set to benefit, with several subsidie
Blue Bird Co. NASDAQ: BLBD is the largest manufacturer of low-emission school buses in the U.S. Its yellow school buses have been used by generations of students since 1927. The company is firing on a
Last year was a terrible one for special purpose acquisition companies (SPACs). Before going into the numbers, let's revisit the overall idea of a SPAC.

Lucid Group Stock: Buy, Sell, or Hold?

06:22am, Monday, 22'nd May 2023
Lucid has struggled to produce its luxury sedan, the Air. It's unsure if demand will remain hot in the face of competition.
Succeeding in the increasingly crowded electric-vehicle market isn't a walk in the park for any company. As a result, I'm convinced some EV stocks will be winners and some will be losers.
Can Lucid (NASDAQ: LCID ) produce 10,000 electric vehicles this year? That seems to be a key focus for 2023, as CEO Peter Rawlinson reiterated his guidance for over 10,000 vehicles this year during Lu

Lucid Needs More Than a Great Product

10:07am, Friday, 12'th May 2023
Lucid missed first-quarter earnings estimates and dialed back expected production. The company burned more than $1 billion in cash in the first quarter.
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