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Shares of EV maker Lucid Group (LCID) are surging in today’s trading thanks to reports that the company is gaining traction from Tesla (TSLA) customers amid the backlash against CEO Elon Musk.
From Markets Insider
Billionaire entrepreneur and investor Mark Cuban voiced concerns over a potential economic crisis brewing in rural America, dubbing it the “Red Rural Recession”.
From Yahoo
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Lucid Group's stock has rallied recently due to Tesla owners switching amid dissatisfaction with Elon Musk and quality concerns, but scalability issues persist. Despite Lucid's premium quality and innovation,
Lucid has significant backing from the Saudi government. Yet, 24/7 Wall St. foresees the EV maker going under or being taken private by 2030.
Lucid Group Inc. (NASDAQ: LCID) shares are moving higher Tuesday. The stock appears to be rising on continued momentum following bullish commentary from the company's CEO.
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After almost three years of owning a Tesla Model Y, Joe Romer is looking to trade it in because he’s no longer a fan of Elon Musk. “I’m tired of Elon Musk and all of his garbage,” Romer told CNN, sharing his reason for wanting to trade in his car.
Lucid is seeing a surge in demand from former Tesla owners, with 50% of its recent orders coming from drivers looking to switch brands.
EV buyers shift away from Elon Musk - Lucid’s CEO said approximately half of its orders have come from former Tesla drivers
EV maker Lucid Motors is seeing the light at the end of the tunnel. And former Tesla buyers may be the reason.
After cross-shopping five luxury EVs including the Tesla Model S and BMW's latest electric offerings, I chose the 2024 Lucid Air Touring in Zenith Red with the stealth appearance package.
Amid declining stock price, political backlash and investor apprehension, Tesla (TSLA) is currently facing one of the worst crises in its 22-year history. For less established rivals like Lucid and Polestar,
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