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
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.
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Lucid will take over Nikola's former Coolidge manufacturing facility and the Phoenix facility, which was previously Nikola's headquarters and product development center.
Lucid Group, Inc (NASDAQ: LCID) to acquire facilities and assets previously owned by Nikola Corp in Arizona for $30M, not including business or tech. Deal subject to approval. Will offer jobs to over 300 former Nikola employees.
A number of stocks jumped in the afternoon session after markets rallied sharply on news that President Trump announced a 90-day tariff pause. Reciprocal tariffs were also dropped to 10% for most countries, sparking renewed optimism amid ongoing trade talks. The major stock indices rose as investors, growing impatient of seemingly irrational tariff actions, welcomed the pause as a sign of a more measured path forward.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how THOR Industries (NYSE:THO) and the rest of the automobile manufacturing stocks fared in Q4.
The startup wants to crack the formula for building a $25,000 two-seat EV, something established U.S. players like Tesla and Rivian have yet to achieve.
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