EV startup Lucid Motors has emerged as a surprise winner in the bankruptcy auction for electric trucking company Nikola's Arizona factory and other assets, according a late Thursday court filing.
Though not the only stock to rally on what was expected to be Black Monday 2025, Lucid (NASDAQ: LCID) stock's climb in yesterday's session is particularly noteworthy.
It might seem like investors in Lucid Group (LCID -1.08%) can't catch a break these days. After years of disappointing results, slow delivery growth, and production hiccups and delays, the young electric vehicle (EV) maker finally seemed to have momentum and growth on its side.
Lucid (LCID -1.08%), like all companies, wants to accentuate the positives when it reports financial results. The big positive in 2024 was the fact that the electric vehicle (EV) maker produced a record number of vehicles in each quarter of the year.
Lucid stock (NASDAQ: LCID) has been on a bumpy road ever since its 2021 initial public offering (IPO).
LCID delivers 3,109 vehicles in the first quarter, up 58% year over year and is set to resume deliveries of the Gravity SUV by the end of April.
Lucid delivers 3,109 cars in the first quarter, the highest quarterly total in the company's history and in line with Wall Street estimates.
Shares of Lucid Group (LCID 3.10%) are climbing on Wednesday. The luxury electric vehicle (EV) maker's stock gained 3.3% as of 2:47 p.m.
Trading volumes of Lucid Group Inc. LCID stock were higher in the last trading session than in the previous few days. The electric vehicle (EV) maker has been in the limelight for grabbing customers from Tesla, Inc. TSLA following the launch of its new Gravity SUV in showrooms.
Despite its optimistic promises from the initial public offering (IPO) era, the electric vehicle (EV) maker Lucid (NASDAQ: LCID) hasn't been known as a stellar stock market performer.
Lucid Group (LCID 4.31%), a fledgling maker of luxury electric vehicles (EVs), has burned a lot of investors since its public debut in July 2021. It initially gained a lot of attention because it was led by Tesla's former chief engineer Peter Rawlinson.
Lucid Motors plans to resume customer deliveries for its new all-electric Gravity SUV at the end of April. Getting the Gravity into customer hands is a big milestone for Lucid, whose success will hinge on being able to offer vehicle types popular with American drivers.