Lucid Group Inc is an innovative automotive company that specializes in the design, manufacturing, and marketing of electric vehicles (EVs). With a focus on luxury and sustainability, Lucid aims to revolutionize the EV market by offering high-performance vehicles that combine cutting-edge technology, elegant design, and an emphasis on energy efficiency. The company's flagship model, the Lucid Air, showcases advanced features such as impressive range capabilities, fast charging, and a spacious, high-tech interior, positioning Lucid as a significant player in the growing electric vehicle industry. Additionally, Lucid Group is committed to expanding its production capabilities and enhancing the EV ecosystem, contributing to a more sustainable future in transportation. Read More
BofA analysts discussed the impact of tariffs on automakers, with Ford and GM at high risk of negative ratings. Ford is pushing forward with low-cost EVs and connected vehicle subscriptions, while GM is focusing on Cadillac's EV transformation and Formula One participation. Tariffs may cost OEMs $6k-$8k per car, with potential cost passes to consumers.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Rivian (NASDAQ:RIVN) and its peers.
A number of stocks fell in the afternoon session after Federal Reserve Chair Jerome Powell signaled a cautious stance on future monetary policy decisions during a speech in Chicago, emphasizing that trade tariffs could add upward pressure to inflation in the short term and complicate the Fed's efforts to stabilize the economy. He warned that such trade measures are "likely to move us further away from our goals," referring to the Fed's dual mandate of price stability and maximum employment.
Lucid senior vice president Derek Jenkins told Reuters that a “lot of crazy things going on in the world” can affect the timeline, but the company is currently on track to launch a competitor to Tesla’s Model Y SUV next year.
Prominent short seller Jim Chanos took aim at Tesla Inc. CEO Elon Musk's ambitious market cap projections, drawing parallels to previous claims about cost-cutting initiatives.
Reports of a dip in global shipments, an uptick in new energy vehicle adoption in China and key asset acquisitions fueled a jump in chatter for these tickers on Stocktwits for the week ended April 11, 2025.
