Why Lucid Stock Plunged Over 25% This Week
It's been an eventful week for investors in Lucid Group (LCID -1.12%). The electric vehicle (EV) stock was already tanking ahead of earnings after getting a massive analyst downgrade when it dealt a big blow to investor confidence by announcing its CEO's sudden departure.
Lucid Q4: CEO Resigns And Cash Burn Increases
Lucid's Q4 results showed better-than-expected revenue growth and a smaller-than-expected loss, but cash burn worsened. With a forecast of 20,000 units for 2025, Lucid's long-term ambitions remain unmet, with a valuation significantly higher than industry peers. The company's financial situation is precarious, with ongoing large losses and a potential need for additional capital raises despite current liquidity.
Lucid Group: Add To Your Watchlist After Recent Sharp Drop (Upgrade)
Lucid's stock dropped over 10% despite a strong Q4 due to CEO Peter Rawlinson's departure, raising concerns about future development delays. Lucid reported a 79% y/y increase in vehicle deliveries and a 49% y/y revenue jump, with an optimistic FY25 outlook driven by strong orders for the new Lucid Gravity SUV. Despite competition and risks, Lucid's potential to license its superior battery technology and improved financial metrics make it a stock to watch.
Better EV Stock: Lucid vs. Tesla
Electric vehicles (EVs) are in rough terrain. While U.S. EV sales rose 7% last year to 1.3 million in the U.S., the Trump administration's not-so-friendly stance toward electric vehicles has spooked some investors and ignited concerns that growth among EV makers could be stifled.
Analysts update Lucid (LCID) stock price target
Lucid Motors (NASDAQ: LCID) has continued to face headwinds since its 2021 IPO, falling short on production and delivery targets while battling mounting financial losses and stock dilution concerns.
Lucid: Likely Fairly Valued
Lucid Group beat Q4 estimates on the top and bottom line. Despite 71% annual delivery growth in FY 2024 and the launch of the Lucid Gravity SUV, Lucid's absolute delivery volume remains low compared to competitors. Lucid's FY 2025 guidance of 20,000 vehicle deliveries is quite strong and implies a near-doubling of deliveries year-over-year.
Lucid Group Still a Wreck Despite Record Production and Deliveries
Despite Lucid Group (NASDAQ:LCID) driving higher after hours following its fourth-quarter earnings report that was released on Tuesday, Feb.
After abrupt departure of Lucid CEO, here are the EV maker's top priorities
Shares of electric vehicle maker Lucid Group were down more than 10% Wednesday following a downgrade of the company's stock by Bank of America and the abrupt departure of CEO Peter Rawlinson. The company is in search of a new CEO, stirring uncertainty among Wall Street analysts.
Lucid Stock Falls On Q4 Results, CEO Exit: Analysts See 'Surge In Demand' For Gravity SUV
Lucid Group Inc LCID analysts highlight the strengths and weaknesses of the EV company after announcing a CEO transition and fourth-quarter financial results.
Why Lucid Stock Plunged Today
Lucid Group (LCID -11.69%) recently launched its new fully electric SUV, and now has told investors it plans to produce more than twice as many electric vehicles (EVs) in 2025 as it did in 2024. It also beat expectations on both the top and bottom lines in the fourth-quarter report it delivered after the close of trading Tuesday.
At Lucid, key-person risk is a ‘reality' investors have yet to understand
The departure of Lucid CEO Peter Rawlinson is a blow to the EV maker that the market has yet to understand, one analyst said.
EV maker Lucid shares drop after CEO's abrupt departure
Lucid Group Inc (NASDAQ:LCID) shares plunged 9.2% on Wednesday morning following the unexpected resignation of CEO Peter Rawlinson and a subsequent downgrade by Bank of America. Rawlinson, who has led the electric vehicle (EV) manufacturer since 2019, announced his immediate departure on Tuesday.
