US5494981039 - Common Stock
LUCID GROUP INC
NASDAQ:LCID (5/17/2024, 7:10:10 PM)
After market: 2.82 -0.02 (-0.7%)2.84
-0.04 (-1.39%)
Lucid Group, Inc. manufactures electric vehicles. The company is headquartered in Newark California, California and currently employs 7,200 full-time employees. The company went IPO on 2020-07-29. The firm is focused on designing, developing, manufacturing, and selling of electric vehicles (EV), EV powertrains and battery systems using its own equipment and factories. The company offers its own geographically distributed retail and service locations and through direct-to-consumer online and retail sales. The company also boasts a product roadmap of future vehicle programs and technologies. The company focuses on in-house technology innovation, vertical integration, and a clean-sheet approach to engineering and design have led to the development of Lucid Air. The Lucid Air is an electric sedan that redefines both the luxury car segment and the electric vehicle space. Lucid Air is manufactured at its greenfield electric vehicle manufacturing facility in Casa Grande, Arizona, Advanced Manufacturing Plant-1. The company also owns and operates a vehicle service network comprised of service centers in metropolitan areas and a fleet of mobile service vehicles.
LUCID GROUP INC
7373 Gateway Blvd.
Newark California CALIFORNIA
P: 15106483553
CEO: Michael Klein
Employees: 7200
Website: https://www.lucidmotors.com/
Lucid is launching the Gravity SUV near the end of 2024, which will likely boost sales in 2025.
Investors would do well to sell these stocks before one or more of them head to zero in the near to mid term.
These are the short-squeeze stocks to buy at deeply oversold levels for a speculative rally in the coming months.
The Vietnamese automaker saw huge order demand for its new low-cost SUV.
J.P. Morgan's recent Battery Series provided insights on the industry's future, with 20-23% YoY growth projected for global EV sales in 2024. China leads, while US and Europe have muted expectations. Focus on fast charging & cost reduction. Localization trends impact supply chain.
It took a meme post on X to move Lucid stock higher but investors should avoid the EV maker because its a zombie that doesn't know its dead.
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