Goldman Sachs reduced its stake in electric vehicle maker Lucid by 19%, lowering shares from 849,097 to 690,126 and the holding's value by 27% to under $6.6 million in Q1 2026. Meanwhile, the bank increased its position in Rivian by 56%, growing shares from 5.7 million to 8.9 million, raising the value to about $134 million despite Rivian shares being down 31% year-to-date. These changes reflect Goldman Sachs' shifting confidence within the EV sector, though both Lucid and Rivian remain small parts of its $871 billion portfolio. The firm's largest holdings remain in tech giants Nvidia and Apple, and the SPDR S&P 500 ETF.
Pomerantz LLP is investigating Lucid Group and some of its executives for potential securities fraud following Lucid's announcement of first-quarter revenue significantly below expectations ($280-$284 million vs. $433.8 million consensus). The compan...
Lucid's stock, despite a tough year with a 77% drop, shows potential for a 50% gain based on a $9.42 price target from $6.27. The company reported strong Q4 revenue growth and vehicle deliveries, with plans to ramp up production to 25,000-27,000 vehi...
