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FEATURE It costs a lot more to fuel up a gasoline-powered car than it did a year ago. But prices at the pump will have to get way more expensive before people consider buying an electric vehicle. Gas prices are about $4.
Is the struggling automaker on the verge of a turnaround?
Lucid Group Inc., during its first-quarter 2026 earnings call on Tuesday, said that its sub-$50,000 midsize EV could help the automaker increase volumes in the market. Sub-$50,000 EV Lucid’s interim CEO, Marc Winterhoff, shared that the automaker plans to “ramp...
Lucid shares are sinking as Morgan Stanley trims price target sharply to $5. Here’s why LCID stock is unattractive to own even at the current, toned-down valuation.
Uber Technologies (NYSE:UBER) has ordered 10,000 autonomous vehicles from Rivian, with plans for more as part of its robotaxi push. The company is expanding partnerships with autonomous vehicle players including Lucid and Nuro. Uber announced a $600 million acquisition of parking platform SpotHero to extend its reach into mobility infrastructure. Uber Technologies, trading at $79.17, is moving beyond its core ride hailing and delivery roots into a broader mobility platform. The stock is up...
Lucid Drops After Earnings Reveal Delivery Weakness, Rising Losses
Lucid pauses guidance as uneven EV demand, supplier issues, and weaker-than-expected revenue pressure investor confidence.
For the quarter ended 31 March 2026, the company posted a net loss of $1.02bn, compared with a net loss of $366.2m in Q1 2025.
Lucid Group (NASDAQ:LCID) saw its Morgan Stanley price target cut in half to $5 from $10 on May 6, with the firm keeping its Underweight rating. The cut follows a 29-day stop-sale on the Gravity SUV tied to a supplier quality issue, suspension of full-year guidance, and an unresolved CEO transition. For LCID stock investors, ... Morgan Stanley Slashes Lucid Price Target in Half: Stop-Sale, CEO Hunt Spell Deep Trouble
LCID posts wider-than-expected Q1 loss and misses estimates as write-downs, costs and supplier issues hit margins, even as revenues grow and liquidity gets a boost.
Lucid (LCID) shares are expected to remain under pressure until incoming Chief Executive Officer Sil
Lucid needs to execute in a few key areas to get the stock price moving in the right direction.
Lucid reported a first-quarter loss of almost $1 billion. Wall Street was looking for a loss of about $864 million.
