Lucid (LCID) releases full specs of its Air Sapphire halo EV

Vinfast to list in on Nasdaq next week as 'VFS'

Special Acquisitions Company, Black Spade (NYSE: BSAQ) voted Thursday to merge with electric automaker, VinFast, allowing the Vietnamese company to list on the Nasdaq platform in the US.

In a joint statement with Black Spade, the automaker revealed that it would list on the Nasdaq and begin trading under the ticker symbol VFS "on or around... More

BYD calls for Chinese automotive unity, 'demolish the old legends'

China's top-selling automobile manufacturer, BYD, has ignited a surge of online attention after the automaker signaled for unity, calling for the industry to band together and demolish the old legends.

During a recent event commemorating a production milestone, BYD shifted the focus to a grander objective: to spotlight China's ascent as a powerhouse in the global automotive manufacturing arena.

"I believe the time has come for Chinese brands," said founder Wang Chuanfu. "It's an emotional need for the 1.4 billion Chinese people to see a Chinese brand becoming global."

China's carmakers are caught in a fierce price... More

Illinois EPA announces funding dates for next round of EV rebates

The Illinois Environmental Protection Agency (EPA) announced Thursday that the upcoming funding phase for the Electric Vehicle (EV) Rebate Program in Illinois will begin on Wednesday, November 1, 2023, and conclude on Wednesday, January 31, 2024.

Those who buy a new or used all-electric vehicle from a licensed dealer in Illinois, fulfill all... More

Tesla (TSLA) selects Volex as licensed partner to build NACS

Volex, a specialist in critical power and data transmission, has been selected as an official licensed partner by Tesla for the North American Charging Standard Charging system. Surprisingly, the company said that they are already prepared to provide the NACS connector to car manufacturers.

Volex's press release regarding the Tesla NACS coupler confirms that the... More

Popular stocks with increasing volume: LCID BYND DDOG PARA

Popular stocks with increasing volume: LCID BYND DDOG PARA

Lucid Group (LCID) Announces Final Production Specifications for the Lucid Air Sapphire

Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today unveiled the final production specs for the highly anticipated Lucid Air Sapphire. As the ultimate fusion of leading-edge technology, refined design, and on-road versatility, the Air Sapphire elevates electric performance to new heights marking a... More

Lucid Group Inc. (LCID) PT Lowered to $7.50 at Citi

Citi analyst Itay Michaeli lowered the price target on Lucid Group Inc. (NASDAQ: LCID) to $7.50 (from $8.00) while maintaining a Neutral rating.... More

Lucid Group Inc. (LCID) PT Lowered to $9 at Needham & Company

Needham & Company analyst Vikram Bagri lowered the price target on Lucid Group Inc. (NASDAQ: LCID) to $9.00 (from $10.00) while maintaining a Buy rating.... More

Eli Lilly, UPS ahead, SoftBank's surprise loss - what's moving markets

Investing.com -- U.S. stock futures point lower ahead of a raft of new corporate earnings that include results from Eli Lilly and UPS. Elsewhere, SoftBank slips to a surprise quarterly loss, although its flagship Vision Fund is boosted by a rebound in tech valuations, while Tesla shares fall after the electric car maker unexpectedly announces the departure of its finance chief.

1. Futures edge lower

U.S. stock futures edged lower Tuesday, suggesting a pullback from gains made in the prior session, as investors awaited the release of a fresh batch of corporate... More

After-hours movers: Chegg gains on results and AI ramp, Beyond Meat falls following EPS

After-Hours Stock Movers

Chegg (NYSE: CHGG) 25% HIGHER; reported Q2 EPS of $0.28, in-line with the analyst estimate of $0.28. Revenue for the quarter came in at $182.85 million versus the consensus estimate of $176.5 million. Total Net Revenues in the range of $151 million to $153 million, versus the... More

EV maker Lucid reports Q2 miss, reaffirms guidance; analyst flags optimistic management tone

(Updated - August 8, 2023 7:44 AM EDT)

Lucid Group (NASDAQ: LCID) reported worse-than-expected Q2 results, sending its shares nearly 1% lower in pre-market Tuesday.

EPS came in at ($0.40), compared to the consensus estimate of ($0.35). Revenue was $150.9 million, driven by customer deliveries of 1,404 vehicles in the quarter. Consensus estimated revenue of $191.41M.

Lucid ended the quarter with approximately $6.25 billion in total liquidity, which is anticipated to fund the company... More

Lucid sticks to production goal, has enough cash for electric SUV next year

By Akash Sriram and Abhirup Roy

(Reuters) -Luxury electric vehicle maker Lucid stuck to its annual production target on Monday and said it had enough cash to start producing its much-awaited sport utility vehicles next year and into 2025, sending its shares about 4% higher in extended trading.

The company reported second-quarter earnings and revenue below market expectations, but its strong liquidity after a $3 billion stock offering in June led by its majority owner, Saudi Arabia's Public Investment Fund, has given it an advantage over cash-poor peers that are battling parts shortages.

"We are not limited by our... More

Lucid Group (LCID) Misses Q2 EPS by 5c, Revenue Misses

Lucid Group (NASDAQ: LCID) reported Q2 EPS of ($0.40), $0.05 worse than the analyst estimate of ($0.35). Revenue for the quarter came in at $150.9 million versus the consensus estimate of $191.41 million.

For earnings history and earnings-related data on Lucid Group (LCID) click here.

Lucid Group (LCID) option IV near high end of range into quarter results and outlook

Lucid Group (NASDAQ: LCID) August weekly call option implied volatility is at 165, August is at 115; compared to its 52-week range of 66 to 171 into the expected release of quarter results today after the bell.

Lucid (LCID) slashes prices of Air Sedan as competition heats up

American luxury electric automaker, Lucid Motors (NASDAQ: LCID) announced over the weekend, significant price reductions of their Air luxury sedans by as much as $12,400. The cuts come in response to the increasing competition within the U.S. electric vehicle (EV) industry, triggered by a price war initiated by Tesla (NASDAQ: TSLA).

Specifically, Lucid Motors reduced the price of the Air Pure variant by... More