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.
The stock market saw significant gains driven by corporate announcements and high trading volumes, particularly in battery technology, electric vehicles, and green energy sectors. Electrovaya surged 49.05% after announcing a commercial deal with Amaz...
RBC Capital lowered Lucid Group's price target from $8 to $7, citing high fuel prices that may shift U.S. consumers toward smaller, fuel-efficient vehicles instead of EVs. Despite macroeconomic uncertainties, U.S. vehicle demand stayed strong in earl...
Payments company Stripe and private equity firm Advent International jointly offered to acquire PayPal for $60.50 per share, valuing the company at over $53 billion, a 28% premium to its recent closing price. The offer, backed by about $50 billion in...
GraniteShares announced the delisting of its 2x Long LCID Daily ETF (LCDL) from NASDAQ after the fund's net asset value (NAV) turned negative following a complete liquidation of its Lucid Group Inc. (LCID) position at a loss. This negative NAV result...
Lucid, the luxury electric vehicle maker, saw its stock drop over 50% intraday amid reports it was considering bankruptcy, restructuring, or going private. The company quickly denied these rumors, calling them completely false, which helped the stock...
