Tag Archives: LCID

Why So Many Electric-Vehicle Stocks Closed Lower on Thursday

What happened

Shares of several electric-vehicle companies closed lower on Thursday, after global auto giant Toyota (NYSE:TM) said that it will cut its September production by 40% due to parts shortages.

Here’s how these companies fared on Thursday, relative to their closing prices on Wednesday. 

Faraday Future Intelligent Electric (NASDAQ:FFIE) closed down 7.3%. Fisker (NYSE:FSR) closed down 7.2%. GreenPower Motors (NASDAQ:GP) closed down 8.5%. Lordstown Motors (NASDAQ:RIDE) closed down 9.5%. Lucid Group (NASDAQ:LCID) closed down 3.7%. Nikola (NASDAQ:NKLA) closed....More>>>

Lucid Stock Prediction 2025: 936% Revenue Growth

Most EV companies post bold numbers to increase investor and consumer interest. Many of them might even refer to themselves as “Tesla Killers” with nothing to back it up.

But Lucid Group Inc. (NASDAQ: LCID) seems different. This company is the product of a SPAC merger with Churchill Capital Corp. (NYSE: CCIV), one of the most talked-about to date, billed as the largest SPAC deal ever for an electric vehicle stock, at $12 billion.

Early in 2021, management provided its own five-year CCIV stock prediction. The difference between Lucid and the EV flops in the past is....More>>>