Lucid Group reported a 6.7% year-over-year decline in vehicle deliveries and a 24.1% drop in production for Q3, driven by a deliberate inventory reduction to optimize working capital. Despite weaker delivery momentum compared to peers like Rivian, Lucid maintains a 'Buy' rating due to its low valuation and potential upside from new luxury EV models and strategic partnerships. The company expects updated delivery guidance following a strategic review, which could reduce market uncertainty and support future growth.
As of Oct 29, 2026 09:11 WIB, Lucid Group's stock trades at USD 3.38 on Pluang, showing a 2.11% gain for the day. The company holds a market cap of $1.30 billion with an enterprise value of $4.20 billion. Notably, Pluang order activity favors buying at 75%, reflecting investor interest despite recent production and delivery challenges.
Tesla shares rose 4% following ARK Invest's reaffirmation of a $4,400 long-term price target by 2031, driven by confidence in Tesla's robotaxi and Full Self-Driving businesses. Tesla's autonomy plans, including Cybercab rides in Austin, are central t...
Tesla's stock rose 6% following a Barclays upgrade to Overweight, driven by potential merger talks with SpaceX and expected growth from Full Self-Driving tech and Shanghai exports. Barclays raised Tesla's price target to $450, highlighting a possible...
