BlackRock last disclosed a stake of 28.17 million shares as of Q3, which means that it purchased 3.27 million shares during Q4. The Touring models start at $107,400, while Lucid Group’s Grand Touring models start at $138,000. Multi-national investment firm BlackRock BLK has disclosed ownership of 31.45 million shares of LCID stock as of Dec. Besides, even after a $7,500 price reduction, Lucid’s EVs are still expensive. Lucid Group (LCID) has reversed course in Mondays premarket. Thus, Tesla and Ford will benefit from government-funded credits while Lucid Group won’t. So, Lucid announced a $7,500 company-funded “credit” on some of its Air Touring and Air Grand Touring models. Get the latest Lucid Group Inc (LCID) real-time quote, historical performance, charts, and other financial information to help you make more informed. Meanwhile, Lucid Group’s EVs are so expensive that they don’t qualify for government-backed credits. It’s a smart move to make during a time of sticky inflation. Tesla has implemented price cuts for some of its EVs, and so has Ford. For example, think about whether Lucid Group can compete against much bigger EV makers like Tesla and Ford (NYSE: F).

You should consider all of the facts and circumstances and make your own decision. According to an email sent by Lucid to customers (and discovered by Auto Evolution ), the Air Pure RWD will come with a single rear-mounted motor that makes 430 horsepower and 406 lb-ft, which is. On the other hand, cautious investors shouldn’t just mimic the trades of BlackRock and Saudi Arabia’s PIF. Even After a $7,500 Credit, Lucid Group’s EVs Are Still Expensive

Tesla Now Runs the Most Productive Auto Factory in America.

Panasonic to start producing new Tesla batteries in 2023.

Teslas Gross Margin In Focus With Q4 Earnings.

So, if you’re interested in following the trades of a “whale” like BlackRock, Lucid Group should be on your radar.

Watch Record-Setting Lucid Air Dream Edition 70-MPH Range Test.

31, 2022, investment firm BlackRock (NYSE: BLK) reportedly owned 31.45 million shares of LCID stock. Amazingly, the fund’s stake in the Lucid Group recently stood at 62%. Electric vehicle (EV) stocks are jumping today as investors take in bits of news. That brings the PIF’s total position in Lucid Group to 1.1 billion shares. Lucid Group Inc Stock - LCID Share Price Today, News and Discussion 1. Why Lucid, Rivian, and ChargePoint Shares Rallied Today. Not long ago, Saudi Arabia’s Public Investment Fund ( PIF) bought nearly 200 million more LCID stock shares. Common Stock (LCID) Stock Quotes - Nasdaq offers stock quotes. This should benefit people who drive Lucid’s EVs.Īnother reason for investors to stay the course with Lucid Group is that the company has big-money backers. For instance, Tesla will make 7,500 of its charging stations available to other electric car brands by the end of 2024. There are some reasons to be bullish on Lucid Group. and Canada.BlackRock and a Saudi Arabian Fund Invest in LCID Stockĭon’t get the wrong impression.

The buy-ins notably included Tesla ( TSLA -2.57%), which agreed to open its charging stations to non-Tesla vehicles, as well as Hertz Global, BP, General Motors, EVgo, and the Pilot Company (a major operator of Interstate travel centers), among others.Īlso among those mentioned was ChargePoint, which announced a new partnership with Volvo and Starbucks to deploy 60 fast chargers at 15 locations along a highway route between Seattle and Denver, as well as a second partnership with MN8 Energy and Mercedes-Benz Group to deploy 400 charging hubs across the U.S. The new measures were announced with buy-ins from many leading private companies to adopt the new standards and make sure charging stations are accessible, easy to use, and interoperable. The money will go to charging companies to build a nationwide EV and hydrogen fueling corridor for medium- and heavy-duty trucks, along with $2.5 billion to states and municipalities to build out charging infrastructure as well. Department of Energy released details of $7.4 billion in grants to be allocated under the Bipartisan Infrastructure Law. The plan also stipulates that at least 55% of the components of these chargers be sourced form the U.S., with all final assembly for the chargers to occur in the U.S.Īnd as part of the announcement, the Federal Highway Administration (FHWA) and U.S.

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