 (ARGGY) Stock, Quote.Headers.trade-ideas

Aston Martin Lagonda Global Holdings PLC is a luxury automotive manufacturer. It designs, engineers, and produces sports cars in Warwickshire, United Kingdom, and sells those models through a network of dealers. It is also involved in the servicing of sports cars, all the activities are carried out under the brand name of Aston Martin. The Group has only one operating segment, the automotive segment. The automotive segment includes all activities relating to design, development, manufacture and marketing of vehicles including consulting services; as well as the sale of parts, servicing, and automotive brand activities. Geographically, it has a presence in the United Kingdom, The Americas, the Rest of Europe, the Middle East and Africa, and the Asia Pacific region.

Earnings

News

LCID

RIVN

ARGGY

Lucid Group (NASDAQ: LCID) investors received a majorly awaited update to start the trading week as the company released its second quarter 2023 earnings results, an event that sent the stock higher by as much as 8.5% during Monday&#39;s trading session.

Lucid Group Just Found A New Reason To Rally

Penny Stocks

Markets

Tech

TSLA

WKSP

The U.S. EV market is experiencing its first growing pains. Even the EV king, Tesla Inc (NASDAQ: TSLA), the world&#39;s top seller EV seller, is struggling with bloated inventory which led it to discount its EV prices at the beginning of the year, along with introducing deals on Supercharger miles.

While Lucid&#39;s EV Isn&#39;t Going As Planned, Worksport Receives Substantial Orders

Bull,And,Bear,Are,On,A,Graphic,With,Market,Prices.

Analyst Color

Economics

Federal Reserve

Movers

Trading Ideas

$BTC

AAPL

SPDR Dow Jones Industrial Average ETF Trust

NVDA

SPCE

iShares Trust Barclays 20+ Year Treasury Bond Fund

PowerShares DB US Dollar Index Bullish Fund

XLRE

Select Sector SPDR-Consumer Discretionary

Stocks appear to be off to a shy start to the week, failing for the time being to recover after snapping multiweek winning streaks on Friday as the overall risk sentiment remains subdued.

US Stocks Struggle, Big Tech Sinks, VIX Spikes And Analysts Raise Bearish Calls: What&#39;s Driving Markets Monday

ASTON MT LGND UNS/ADR by Aston Martin Lagonda Global Holdings plc.

Aston Martin Lagonda Global Holdings PLC

Scotiabank analyst Maher Yaghi maintains T-Mobile US (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) with a Sector Outperform and raises the price target from $197 to $215.5.

Price Target

Analyst Ratings

TMUS

Scotiabank Maintains Sector Outperform on T-Mobile US, Raises Price Target to $215.5

UniFirst Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>), a North American leader in the supply and servicing of uniform and workwear programs, facility service products, and first aid and safety supplies, is pleased to announce the appointment of Kelly Rooney as Chief Operating Officer (COO), effective September 30, 2024. &nbsp;
Rooney has extensive knowledge and experience in large-scale B2B route-based operations. Over her twenty-five plus year career, she has held operational and leadership roles of increasing responsibility. Her most recent position was as the Chief Human Resources Officer at Waste Management, a $20 billion public company. Rooney is returning to her roots and will oversee UniFirst's day-to-day operations, focusing on driving growth, enhancing customer service excellence, and executing operational efficiencies. Her innovative leadership style, systematic approach, and strong customer focus have consistently yielded outstanding results throughout her career.

Management

UniFirst Corporation Names Kelly Rooney As Chief Operating Officer, Effective September 30, 2024; Michael Croatti To Transition From Executive Role In November, Will Continue In Consulting Capacity

Macro Economic Events

Global

iShares MSCI Israel Capped Investable Market Index Fund

ISRA

Pentagon Says No Changes To U.S. Military Posture In Middle East; U.S. Concerned About Escalation In Middle East, Ceasefire Deal Is Important; Austin, In Calls With Israeli Counterpart, Underscores Need For Tensions To "Quell" In Middle East; Any Attack That Could Escalate Tension In Region Will Not Be Helpful; Do Not Believe Ceasefire Deal For Gaza Is Falling Apart

Truist Securities analyst Srikripa Devarakonda maintains Edgewise Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWTX#NASDAQ">EWTX</a>) with a Buy and raises the price target from $25 to $33.

EWTX

Truist Securities Maintains Buy on Edgewise Therapeutics, Raises Price Target to $33

Raymond James analyst Stephen Laws maintains Redwood Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWT#NYSE">RWT</a>) with a Strong Buy and raises the price target from $8.5 to $9.5.

Raymond James Maintains Strong Buy on Redwood Trust, Raises Price Target to $9.5

Raymond James analyst Stephen Laws maintains MFA Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MFA#NYSE">MFA</a>) with a Outperform and raises the price target from $13 to $14.5.

Raymond James Maintains Outperform on MFA Finl, Raises Price Target to $14.5

WIIM

IESC

PCAR

ROAD

STRL

Shares of broader industrial and machinery stocks are trading higher following the Fed's announcement to cut rates by 50 basis points yesterday, which could support investment and economic growth.

Missouri regulators have scaled back an <a href="https://www.benzinga.com/markets/cannabis/24/08/40323184/missouri-governors-thc-ban-threatens-9-000-retailers-statewide-amid-nationwide-clampdown-on-hemp">initial ban on hemp-derived THC products</a> enacted by Governor Mike Parson (R) on August 1, opting to focus enforcement on those resembling popular candies that could appeal to children. This strategic shift responds to a lawsuit filed by the Missouri Hemp Trade Association (MHTA), which argued the broad ban went against state law.
<h3 class="wp-block-heading">Legal Action Prompts Shift In Hemp THC Product Ban</h3>
The Missouri Department of Health and Senior Services (DHSS) announced Tuesday it would cease the broad embargo on <a href="https://www.benzinga.com/topic/hemp">hemp</a> products containing THC, <a href="https://missouriindependent.com/2024/09/18/hemp-sales-are-back-on-missouri-regulators-pare-down-ban-on-intoxicating-hemp-products/">reported</a> The Missouri Independent. This announcement comes after a letter from Richard Moore, general counsel for the DHSS, which was prompted by legal actions from the hemp industry&#8217;s trade association. Moore&#8217;s letter emphasized the department&#8217;s new focus on targeting &#8220;misbranded&#8221; products that could potentially appeal to minors.
The DHSS inspected 74 establishments this September, finding THC products in 42, as highlighted Lisa Cox, spokeswoman for the department.
<ul>
<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe">here</a>. If you&#8217;re serious about the business, you can&#8217;t afford to miss out.</li>
</ul>
The lawsuit aimed at preventing the designation of such hemp products as &#8220;adulterated.&#8221; It highlighted inconsistencies with state laws, which do not consider food products adulterated solely because they contain <a href="http://benzinga.com/topic/hemp">hemp</a> derivatives. This legal interpretation was pivotal in reshaping the enforcement strategy.
However, <a href="http://benzinga.com/topic/missouri-cannabis">Missouri</a> regulators have not embargoed products like hemp flower, hemp milk, protein powders, teas or CBD gummies, <a href="https://www.cannabisbusinesstimes.com/page/staff/">noted</a> to Cannabis Business Times. These items remain unaltered and collected through extraction, distinguishing them from hemp-derived THC products targeted by recent enforcement actions.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40845389/nj-governor-signs-bill-tightening-rules-on-hemp-industry-stakeholders-protest-big-alcohol-celebr">NJ Governor Signs Bill Tightening Rules On Hemp: Industry Stakeholders Protest, Big Alcohol Celebrates</a>
<h3 class="wp-block-heading">Missouri AG To Evaluate Hemp Misbranding</h3>
Furthermore, the DHSS&#8217; refined strategy involves referring products suspected of misbranding to the Missouri Attorney General&#8217;s office for evaluation under the State's Merchandising Practices Act. This act aims to protect consumers from deceptive marketing practices, ensuring they are fully aware of what they are purchasing. &#8220;The department has no intention at this time to embargo additional psychoactive cannabis products as adulterated,&#8221; stated Moore in his recent communication, according to The Missouri Independent, clarifying the department's adjusted enforcement outlook.
Craig Katz, a spokesperson for the MHTA, expressed support for the state's renewed approach. &#8220;This is the appropriate regulatory and law enforcement focus,&#8221; Katz remarked. He also hinted at forthcoming legislative efforts in 2025 to bolster consumer confidence and ensure rigorous regulation of hemp products.
<h3 class="wp-block-heading">States Face Lawsuits Over Hemp-Derived Products Restrictions</h3>
By narrowing its enforcement to misbranding <a href="https://www.benzinga.com/markets/cannabis/24/08/40323184/missouri-governors-thc-ban-threatens-9-000-retailers-statewide-amid-nationwide-clampdown-on-hemp">rather than a broad ban</a>, Missouri aims to ensure that <a href="https://www.benzinga.com/markets/cannabis/24/07/39915334/a-nasty-high-experts-sound-alarm-over-soup-of-unknown-compounds-in-hemp-derived-thc-products">hemp-derived THC</a> products are safely regulated while supporting the industry's growth and compliance. Similarly, a group of California parents is <a href="https://www.benzinga.com/markets/cannabis/24/09/40906131/this-is-life-or-death-families-of-disabled-children-panic-over-gov-newsoms-hemp-cbd-ban-and-eval">evaluating legal action against Gov. Newsom&#8217;s proposed hemp ban</a>, fearing it could eliminate critical CBD treatments their children rely on for survival.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/09/40833963/expert-calls-for-a-united-hemp-and-cannabis-front-industries-should-collaborate-and-push-for-fed">Expert Calls For A United Hemp And Cannabis Front, &#8216;Industries Should Collaborate&#8217; And Push For Federal Rules</a></li>
</ul>

Cannabis

Government

Regulations

Cannabis Companies Have Missouri's Governor Beat: Hemp-THC Products Sales Resume As Stricter Controls Replace Sweeping Ban

Raymond James analyst Stephen Laws maintains KKR Real Estate Finance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KREF#NYSE">KREF</a>) with a Outperform and raises the price target from $13 to $14.

KREF

Raymond James Maintains Outperform on KKR Real Estate Finance, Raises Price Target to $14

AAOI

AEVA

ANET

BELFB

CALX

FLEX

GDDY

KEYS

LINK

PMTS

SHOP

SNOW

TWLO

ZBRA

Shares of companies within the broader technology sector are trading higher amid overall market strength following Wednesday's Fed rate cut.

AEHR

AMKR

CAMT

CRDO

INTC

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

MKSI

MTSI

NVMI

ONTO

SITM

SMTC

SWKS

Shares of semiconductor companies are trading higher amid overall market strength following Wednesday's Fed rate cut.

Raymond James analyst Stephen Laws maintains Franklin BSP Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBRT#NYSE">FBRT</a>) with a Strong Buy and raises the price target from $15 to $15.5.

FBRT

Raymond James Maintains Strong Buy on Franklin BSP Realty Trust, Raises Price Target to $15.5

ADBE

AEYE

AILE

AIRE

AIXI

ASAN

BILL

CDNS

CRWD

DAVE

MicroCloud Hologram Inc. - Ordinary Shares

HOLO

HUBS

INTU

MNDY

PCOR

SLNH

SNPS

Shares of software companies are trading higher amid overall market strength following Wednesday's Fed rate cut.

Raymond James analyst Stephen Laws maintains Arbor Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABR#NYSE">ABR</a>) with a Outperform and raises the price target from $15 to $16.

Raymond James Maintains Outperform on Arbor Realty Trust, Raises Price Target to $16

Jay Emmanuel-Thomas, a former striker for football/soccer club Arsenal, has been charged following an alleged attempt to smuggle £600,000 ($796,794) worth of <a href="https://www.benzinga.com/cannabis">cannabis</a> into the UK through Stansted Airport. As The Telegraph <a href="https://www.telegraph.co.uk/football/2024/09/19/jay-emmanuel-thomas-arsenal-cannabis-stansted-airport/?ICID=continue_without_subscribing_reg_first">reported</a>, the 33-year-old, who currently plays for Greenock Morton in the Scottish Championship, was arrested by National Crime Agency (NCA) officers on Wednesday in Gourock, Inverclyde.
What Happened: The arrest came after Border Force officers reportedly discovered approximately 60kg (132 lbs) of cannabis, a Class B drug in the UK's controlled drug list, in two suitcases that had arrived on a flight from Bangkok, Thailand, on September 2. The NCA estimated the haul to be worth £600,000.
Emmanuel-Thomas, who once played for Ipswich Town, Queens Park Rangers and Bristol City, as well as Arsenal at youth level, was detained and questioned by officers before being remanded in custody. He is expected to appear before Carlisle Magistrates Court on Thursday.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40798855/uk-government-drug-ban-targets-zombie-drug-xylazine-and-other-opioids">UK Government Drug Ban Targets &#8216;Zombie Drug&#8217; Xylazine And Other Opioids</a>
<h3 class="wp-block-heading">NCA And Border Force Joint Efforts</h3>
David Phillips, NCA's senior investigating officer, said, "The NCA continues to work with partners like Border Force to target those involved in drug smuggling – that includes both the couriers and the organizers." He also urged individuals approached to engage in such activities to "think very carefully about the likely consequences of their actions and the potentially life-changing risks they will be taking."
This arrest follows a sharp increase in the amount of cannabis being seized at U.K. borders, particularly from travelers arriving from Thailand, Canada and the United States. The NCA has warned that drug couriers are often misled by superiors into believing they face only fines if caught, though the maximum sentence for smuggling cannabis into the UK is 14 years in prison.
Now Read: <a href="https://www.benzinga.com/news/large-cap/24/08/40099281/bank-of-england-reduces-16-year-high-interest-rates-in-divided-decision-as-inflation-hits-2">Bank Of England Reduces 16-Year High Interest Rates In Divided Decision As Inflation Hits 2%</a>
Cover image made with AI

Former Premier League Player Charged After Allegedly Trying To Smuggle 60 Kg (132 Lbs) Of Cannabis Into UK

ALLY

ARES

BBVA

CRBG

LPLA

UPST

Shares of companies in the broader financial services and banking sectors are trading higher amid overall market strength following the Fed's rate cut, which could drive a rise in spending and lending demand.

Raymond James analyst Patrick Tyler Brown maintains Casella Waste Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWST#NASDAQ">CWST</a>) with a Strong Buy and raises the price target from $121 to $122.

CWST

Raymond James Maintains Strong Buy on Casella Waste Sys, Raises Price Target to $122

BABA

BEKE

BIDU

New Oriental Education & Technology Group

NTES

Citigourp Global Markets 2% Protected Notes Linked To The Djia

TCOM

XPEV

YUMC

Shares of US-listed Chinese stocks are possibly trading higher ahead of expectations that the People's Bank of China will cut rates. Also, the sector may be experiencing strength after the Fed cut rates by 50 basis points.

Apple shares are trading higher amid overall market strength following the Fed's rate cut.

Morgan Stanley analyst Carlos De Alba maintains MP Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) with a Equal-Weight and raises the price target from $13.5 to $16.

Morgan Stanley Maintains Equal-Weight on MP Materials, Raises Price Target to $16

Aston Martin Lagonda Global Holdings plc 2023 Q3 - Results - Earnings Call Presentation

Aston Martin Lagonda Global Holdings plc (AMGDF) Q3 2023 Earnings Call Transcript

Aston Martin Lagonda: Dilution May Eat Up Future Potential

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Lucid (NASDAQ:<a href="https://investorplace.com/stock-quotes/lcid-stock-quote/">LCID</a>) stock has slid lower by about 45% during the past six months, although research firm Needham &amp; Company believes more pain could be on the way. This morning, Needham analysts <a href="https://www.streetinsider.com/Analyst+Comments/Needham+%26+Company+Downgrades+Lucid+Group+Inc.+%28LCID%29+to+Hold%2C+less+optimistic+view/22453787.html">downgraded</a> LCID stock to &ldquo;hold&rdquo; from &ldquo;buy,&rdquo; <a href="https://www.streetinsider.com/Analyst+Comments/Needham+lacks+faith+in+demand%2C+downgrades+Lucid+%28LCID%29+to+Hold+rating/22454541.html">citing</a> a lack of faith in near-term demand.



Needham believes that weak demand is the company&rsquo;s biggest risk. At the same time, analysts at the company are impressed with Lucid&rsquo;s technology and are excited about the upcoming <a href="https://lucidmotors.com/stories/introducing-lucid-gravity/">Gravity SUV</a>. Lucid expects the vehicle to enter the market in late 2024 with a starting price of less than $80,000. The vehicle has a <a href="https://lucidmotors.com/gravity/">projected range</a> of over 440 miles and a zero to 60 mph acceleration time of less than 3.5 seconds.



<h2>Needham Downgrades LCID Stock to &ldquo;Hold&rdquo;</h2>



As of now, the bull case for LCID stock seems to lie in the success of its Air, Gravity and technology. Back in June, Lucid <a href="https://www.prnewswire.com/news-releases/lucids-world-leading-electric-powertrain-technology-propels-aston-martin-to-a-bold-electric-future-301862865.html">announced</a> that it had entered into a long-term strategic technology partnership with luxury vehicle maker Aston Martin (OTCMKTS:<a href="https://investorplace.com/stock-quotes/arggy-stock-quote/">ARGGY</a>). The partnership will see Aston Martin pay Lucid $457 million in exchange for its powertrain and battery systems.



Needham has estimated that Aston Martin will pay Lucid between $20,000 and $30,000 for each vehicle equipped with Lucid&rsquo;s technology. However, this estimate <a href="https://www.marketwatch.com/story/lucids-stock-catches-a-downgrade-as-needham-frets-about-demand-96392890">could be problematic</a> due to the high price tag.



&ldquo;While our initial math is likely far from exact, it does lower our confidence in [Lucid] striking a deal with a legacy [original equipment manufacturer] to license their EV technology given the dollars per vehicle Aston Martin is potentially paying,&rdquo; said Needham analyst Chris Pierce.



As for the upcoming Gravity, Pierce isn&rsquo;t putting too much weight on the reservation numbers if Lucid chooses to release them. His reasoning is due to higher reservations than actual orders for the Air. 



Needham now only carries a <a href="https://seekingalpha.com/news/4040257-rivian-automotive-is-needhams-only-buy-rated-ev-stock-after-lucid-is-cut">&ldquo;buy&rdquo; rating</a> for one electric vehicle (EV) company, which is Rivian (NASDAQ:<a href="https://investorplace.com/stock-quotes/rivn-stock-quote/">RIVN</a>). 



Lucid carries an <a href="https://finance.yahoo.com/quote/LCID/analysis?p=LCID">average price target</a> of $5.06 among 12 analysts with coverage of LCID stock. The price target implies upside of more than 20% from current levels.



On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Eddie Pan specializes in institutional investments and insider activity. He writes for InvestorPlace&rsquo;s Today&rsquo;s Market team, which centers on the latest news involving popular stocks.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2023/11/lcid-stock-alert-needham-is-losing-faith-in-lucid-motors/">LCID Stock Alert: Needham Is Losing Faith in Lucid Motors</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

LCID Stock Alert: Needham Is Losing Faith in Lucid Motors

Aston Martin: Still Neutral

Aston Martin Lagonda Global Holdings plc (AMGDF) Q4 2023 Earnings Call Transcript

Aston Martin Lagonda Global Holdings reports Q1 results; reaffirms FY24 guidance

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The electric vehicle (EV) industry is on full alert after it was announced that Volkswagen (OTCMKTS:<a href="https://investorplace.com/stock-quotes/vwagy-stock-quote/">VWAGY</a>) would <a href="https://investorplace.com/2024/06/what-does-the-5-billion-rivian-volkswagen-deal-mean-for-rivn-stock/">invest up to $5 billion</a> into Rivian (NASDAQ:<a href="https://investorplace.com/stock-quotes/rivn-stock-quote/">RIVN</a>) while also a forming a joint venture with the company based on vehicle software.



The news caused Lucid (NASDAQ:<a href="https://investorplace.com/stock-quotes/lcid-stock-quote/">LCID</a>) to rise as much as 12% following yesterday&rsquo;s close, although more than half of those gains have been erased since then.



Ultimately, LCID stockholders shouldn&rsquo;t be excited about the news, as it doesn&rsquo;t concern the company at all. In fact, the news should be viewed as an EV competitor receiving a major investment, providing it with much-needed capital and a competitive advantage.



Interestingly enough, Lucid announced exactly one year ago that it had <a href="https://lucidmotors.com/fr-ca/stories/lucid-powertrain-technology-aston-martin">signed a deal</a> with British luxury automaker Aston Martin (OTCMKTS:<a href="https://investorplace.com/stock-quotes/arggy-stock-quote/">ARGGY</a>). The deal, worth over $450 million, provided Aston with access to Lucid&rsquo;s powertrain and battery systems. It also gave Lucid a <a href="https://www.reuters.com/business/autos-transportation/aston-martin-lucid-enter-into-agreement-make-electric-vehicles-2023-06-26/">3.7% stake</a> in Aston.



<h2>LCID Stock Rises Following Rivian-Volkswagen Partnership</h2>



While Lucid&rsquo;s deal pertains to hardware, Rivian&rsquo;s deal focuses on software. The EV truck company&rsquo;s deal is also much more lucrative. 



However, both deals were made with much older automotive companies, signaling interest in new EV technology. On Lucid&rsquo;s end, it is a bit concerning that it hasn&rsquo;t signed any major hardware deals since its arrangement with Aston Martin.



Rivian now boasts Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>) and Volkswagen as major partners while Lucid has the support of Saudi Arabia&rsquo;s Public Investment Fund (PIF) and its subsidiary, Ayar Third Investment. In March, Ayar agreed to invest <a href="https://www.bloomberg.com/news/articles/2024-03-25/lucid-stock-surges-on-1-billion-lifeline-from-saudi-investor?sref=0N1JmzAH">$1 billion</a> into Lucid through newly issued convertible preferred stock. That brought PIF&rsquo;s total amount invested into Lucid to $5.4 billion. The sovereign wealth fund owns a 60% stake in the company.



However, PIF and Aston will be unable to provide the automotive expertise that Volkswagen can provide to Rivian. Last year, Volkswagen had a 6% market share in the <a href="https://www.statista.com/statistics/316786/global-market-share-of-the-leading-automakers/#:~:text=In%202023%2C%20the%20ranking%20of,share%20of%20around%2010.7%20percent.">global automotive industry</a>, second only to Toyota (NYSE:<a href="https://investorplace.com/stock-quotes/tm-stock-quote/">TM</a>) at 10.7%. Aston didn&rsquo;t even make the top 10.



With LCID stock down more than 35% so far this year and guiding for the 2024 production of <a href="https://ir.lucidmotors.com/news-releases/news-release-details/lucid-announces-first-quarter-2024-financial-results">9,000 vehicles</a> compared to <a href="https://www.prnewswire.com/news-releases/lucid-announces-fourth-quarter-and-full-year-2023-financial-results-302067988.html#:~:text=On%20a%20full%2Dyear%20basis,delivered%206%2C001%20vehicles%20in%202023.">8,428 vehicles</a> in 2023, it&rsquo;s clear that the company needs a major catalyst in order to provide market-beating returns.



On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.&nbsp;
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	The post <a href="https://investorplace.com/2024/06/rivian-gives-lucid-motors-lcid-stock-a-jolt-after-volkswagen-deal/">Rivian Gives Lucid Motors (LCID) Stock a Jolt After Volkswagen Deal</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Rivian Gives Lucid Motors (LCID) Stock a Jolt After Volkswagen Deal

AMGDF

AMZN

VWAGY

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(ARGGY) Forecast

(ARGGY) Stock, Quote.Headers.trade-ideas