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2021-12-23

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10:18","market":"us","language":"en","title":"Why Lucid Stock Jumped Today","url":"https://stock-news.laohu8.com/highlight/detail?id=1140552564","media":"Motley Fool","summary":"What happened\nHot electric vehicle (EV) stockLucid Group(NASDAQ:LCID)seemed to have lost some of its","content":"<p>What happened</p>\n<p>Hot electric vehicle (EV) stock<b>Lucid Group</b>(NASDAQ:LCID)seemed to have lost some of its mojo in recent weeks. But it roared back on Wednesday, surging 1.79% today. Lucid shares just started trading on a popular stock index, and the luxury EV maker is now flush with cash to pump into growth. Oh, and Lucid Air received&nbsp;<i>yet another</i>&nbsp;glorious review that's called the car<b>Tesla</b>'s(NASDAQ:TSLA)\"living nightmare.\"</p>\n<p>So what</p>\n<p>On Dec. 20, Lucid stock started trading on the&nbsp;Nasdaq-100 index, a market-cap weighted index comprising 100 of the largest domestic and international non-financial stocks based on market capitalization.</p>\n<p>Inclusion in an index, especially a popular one like the Nasdaq-100 that's chock-full of growth stocks, can typically lift investor sentiment. But it can also drive the stock price higher as institutional investors who track the index have to buy the stock to match it. That's what's happening with Lucid stock right now, but it isn't the&nbsp;<i>only</i>&nbsp;factor driving the EV stock higher today.</p>\n<p>Lucid also announced it has completed the sale of senior convertible notes and raised roughly $2 billion in gross proceeds to use for general corporate purposes and business expansion.</p>\n<p>As of Sept. 30, 2021, Lucid had $4.8 billion in cash and cash equivalents, and short-term investments, which means Lucid now has almost $7 billion in cash to put to good use. Lucid had secured more than 17,000 reservations across all four trim variants of Lucid Air as of Nov. 15. Although the company is expected to deliver only a few hundred cars this year, Lucid has an ambitious target of producing 20,000 vehicles in 2022. The EV maker has evidently taken advantage of the market's enthusiasm by raising money while it can to scale up capacity.</p>\n<p>All of this comes right when the U.S. Environmental Protection Agency (EPA) has finalized its most ambitious-ever greenhouse gas-emission standards that&nbsp;hugely favor electric vehicles. On the basis of these new standards, the EPA projects sales of EVs and plug-in hybrids to grow 7% in model year 2023 to 17% by model year 2026.</p>\n<p>Meanwhile, Lucid Air Dream Edition -- the first and most expensive trim the company is selling -- continues to make heads turn. Popular YouTube channel&nbsp;<i>Throttle House</i>&nbsp;just released a detailed video review of Air Dream, comparing it to Tesla's Model S Plaid and concluding that Lucid could give Tesla a proper run for its money if it can successfully deploy Air Dream's powerful technology into lower-priced models.&nbsp;<i>Throttle House</i>&nbsp;calls Air Dream closest to the \"perfect EV\" we've seen so far.</p>\n<p>Now what</p>\n<p>Just yesterday, I picked Lucid as one of the&nbsp;hottest growth stocks primed to take off;the company is much-better placed than the likes of&nbsp;<b>Nikola</b>&nbsp;to navigate an ongoing probe by the Securities and Exchange Commission (SEC) given that its cars are already on the road and have been officially certified as being the longest range EV yet.</p>\n<p>I expect Lucid'sdelivery rate to be initially slow&nbsp;as it upgrades existing production lines. I also expect the company will continue to incur losses for a considerable period of time before it can convert revenues into profits. Yet, among all the EV stocks starting out, Lucid could&nbsp;potentially be one of the biggest EV stocks&nbsp;in the long run.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Lucid Stock Jumped Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Lucid Stock Jumped Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-23 10:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/12/22/why-lucid-stock-jumped-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What happened\nHot electric vehicle (EV) stockLucid Group(NASDAQ:LCID)seemed to have lost some of its mojo in recent weeks. But it roared back on Wednesday, surging 1.79% today. Lucid shares just ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/12/22/why-lucid-stock-jumped-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc"},"source_url":"https://www.fool.com/investing/2021/12/22/why-lucid-stock-jumped-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140552564","content_text":"What happened\nHot electric vehicle (EV) stockLucid Group(NASDAQ:LCID)seemed to have lost some of its mojo in recent weeks. But it roared back on Wednesday, surging 1.79% today. Lucid shares just started trading on a popular stock index, and the luxury EV maker is now flush with cash to pump into growth. Oh, and Lucid Air received yet another glorious review that's called the carTesla's(NASDAQ:TSLA)\"living nightmare.\"\nSo what\nOn Dec. 20, Lucid stock started trading on the Nasdaq-100 index, a market-cap weighted index comprising 100 of the largest domestic and international non-financial stocks based on market capitalization.\nInclusion in an index, especially a popular one like the Nasdaq-100 that's chock-full of growth stocks, can typically lift investor sentiment. But it can also drive the stock price higher as institutional investors who track the index have to buy the stock to match it. That's what's happening with Lucid stock right now, but it isn't the only factor driving the EV stock higher today.\nLucid also announced it has completed the sale of senior convertible notes and raised roughly $2 billion in gross proceeds to use for general corporate purposes and business expansion.\nAs of Sept. 30, 2021, Lucid had $4.8 billion in cash and cash equivalents, and short-term investments, which means Lucid now has almost $7 billion in cash to put to good use. Lucid had secured more than 17,000 reservations across all four trim variants of Lucid Air as of Nov. 15. Although the company is expected to deliver only a few hundred cars this year, Lucid has an ambitious target of producing 20,000 vehicles in 2022. The EV maker has evidently taken advantage of the market's enthusiasm by raising money while it can to scale up capacity.\nAll of this comes right when the U.S. Environmental Protection Agency (EPA) has finalized its most ambitious-ever greenhouse gas-emission standards that hugely favor electric vehicles. On the basis of these new standards, the EPA projects sales of EVs and plug-in hybrids to grow 7% in model year 2023 to 17% by model year 2026.\nMeanwhile, Lucid Air Dream Edition -- the first and most expensive trim the company is selling -- continues to make heads turn. Popular YouTube channel Throttle House just released a detailed video review of Air Dream, comparing it to Tesla's Model S Plaid and concluding that Lucid could give Tesla a proper run for its money if it can successfully deploy Air Dream's powerful technology into lower-priced models. Throttle House calls Air Dream closest to the \"perfect EV\" we've seen so far.\nNow what\nJust yesterday, I picked Lucid as one of the hottest growth stocks primed to take off;the company is much-better placed than the likes of Nikola to navigate an ongoing probe by the Securities and Exchange Commission (SEC) given that its cars are already on the road and have been officially certified as being the longest range EV yet.\nI expect Lucid'sdelivery rate to be initially slow as it upgrades existing production lines. I also expect the company will continue to incur losses for a considerable period of time before it can convert revenues into profits. Yet, among all the EV stocks starting out, Lucid could potentially be one of the biggest EV stocks in the long run.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1006,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}