A much hyped milestone has finally arrived for Lucid investors.
Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House
Lucid (NASDAQ: LCID) stock is losing ground in Wednesday's trading. The company's share price was down 6% as of 2:30 p.m. ET and had been down as much as 10.2% earlier in the day's trading.
What To Expect From Lucid’s (LCID) Q3 Earnings
INVESTMENT FUND PUBLIC, a director at Lucid Group ($LCID), bought 374,717,927 shares of the company on 10-30-2024. We received data on the trade from a recent SEC filing. This increased their holdings...
The company said in an SEC filing that Saudi investors bought about 396 million shares.
Could this underdog EV maker overtake the market leader in the future?
Lucid's business may be hanging on the results of its upcoming new EV launch.
Lucid had been gaining momentum with three straight quarters of record deliveries, but recently hit two speed bumps.
The company is growing deliveries but is still a subscale automotive player.