- Lucid Group shares traded down 1.9% during mid-day trading to $4.04, with 11,191,655 shares changing hands.
- The company reported an EPS of ($2.78) for the quarter, missing consensus estimates of ($2.36) while generating revenue of $405.35 million.
- Institutional investors and hedge funds recently modified their holdings, with 75.17% of the stock currently owned by institutional investors.
- Investor Ryan Vanzo argues that Rivian is a more compelling EV investment than Lucid because its strategy closely mirrors Tesla’s playbook.
- Rivian focuses on mainstream, lower-cost vehicle launches like the R2 starting at roughly $45,000 and possesses greater financial firepower and manufacturing scale.
- Lucid targets the luxury market with vehicles like the $126,000 Gravity SUV and has delayed its mass-market model to late 2027.