In short, the company designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services. Next, General Motors Company (GM) commonly referred to as General Motors (GM), is an American multinational corporation. Best Stocks To Buy Right Now? 4 Oil And Gas Stocks To Watch 2. In addition to that, on Tuesday morning LCID stock is trading at $12.50 per share. Meanwhile, shares of Lucid stock are down over 69% year-to-date so far. We continue to have a strong balance sheet, closing the quarter with $4.6 billion cash, cash equivalents and investments, which we believe is sufficient to fund the Company well into 2023.“ LCID Stock Chart Sherry House, Lucid’s CFO commented, “ Our Q2 revenue was $97.3 million, primarily driven by higher customer deliveries of Lucid Air vehicles. What’s more, Lucid reported it had over 37,000 reservations in Q2 2022, which represents potential sales of nearly $3.5 billion. This was compared to the street’s second-quarter consensus estimates, which was a loss of $0.44 per share, on revenue of $128.9 million. In detail, LCID reported a second-quarter 2022 loss of $0.33 per share, with revenue of $97.3 million. LCID Recent Stock Newsīack in August, Lucid Group reported a beat for its second-quarter 2022 financial results. Specifically, the Lucid Air is an all-electric car that focuses on post-luxury consumers. The company’s flagship EV is the Lucid Air. Additionally, Lucid Group is a vertically integrated company that designs, engineers, and builds electric vehicles, EV powertrains, and battery systems in-house using our own equipment and factory. For starters, the company develops the next generation of electric vehicle (EV) technologies. (LCID) is a technology and automotive company. EV Stocks To Invest In Right Nowįirst off, Lucid Group Inc. Keeping this in mind, here are two cheap EV stocks to watch in the stock market today. However, long-term investors may find that EV stocks offer considerable upside potential. The electric vehicle market is still in its early stages, and EV stocks are likely to remain volatile in the near future. This is evident with popular EV stocks like Tesla ( NASDAQ: TSLA) and NIO Inc. EV stocks are typically more volatile than the overall market, but they offer investors the potential for high returns as the EV market continues to grow.Įlectric vehicle stocks have been bolstered by a number of factors in recent years, including government incentives, falling battery prices, and increasing consumer awareness. All Rights Reserved.Electric vehicle stocks have been on the rise in recent years as the automotive industry has undergone a major shift toward electrification. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes.
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