Lucid Group Inc (NASDAQ:LCID) shares are trading lower Thursday after the company priced a convertible senior notes offering. Lucid also provided a production and deliveries update for the first quarter. Here's what you need to know.
Lucid Group, Inc (LCID) announced pricing of $1 billion convertible notes due 2030, granting option for additional $0.1 billion. Interest of 5%, convertible at $3 per share, with 25% premium. Proceeds to fund repurchases and capped call transactions. Sharp increase in orders from ex-Tesla owners.
Investor sentiment was also boosted by Lucid reporting a 58% jump in first-quarter deliveries to 3,109 cars, taking its year-to-date tally to over 5,300.
Deepwater Asset Management's Gene Munster is bracing for disappointing Tesla Inc. delivery numbers when the electric vehicle maker reports first-quarter figures on Wednesday, warning investors that the coming months could be even more challenging.
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.
Following the worst quarterly performance for U.S. stocks in over two years, caution dominated Wall Street as investors awaited details on the tariff plans expected from the Trump administration on Wednesday.
In the face of escalating protests and boycotts, Errol Musk, father of Elon Musk, has come forward to defend his son's cost-cutting initiatives for the U.S. government.
The shares of Tesla Inc. (NASDAQ: TSLA) climbed 3.8% during the pre-market trading session on Tuesday amid reports of the EV maker ramping with production in China.
The stock market faced a challenging day as risk sentiment remained under pressure on Wall Street. The S&P 500 experienced a volatile session, hitting its lowest point in over six months before recovering some losses. The S&P ended the day 0.5% higher at 5,611.85. Despite this, the index is on track for its worst month since September 2022, with a 7% decline in March.
The new auto tariffs revive and expand the logic of the original 1960s-era "chicken tax" — a 25% duty initially imposed on light trucks in retaliation for a European tax on American poultry.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Tesla (NASDAQ:TSLA) and its peers.
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