Is Lucid a Chinese Company? [Yahoo! Finance]
Lucid Group, Inc. (LCID)
Company Research
Source: Yahoo! Finance
There are a variety of electric vehicle (EV) manufacturers based in China, after all, and demand for EVs in the country remains strong, so it's certainly a worthy consideration if Lucid is a Chinese company. Alternately, investors may want to emphasize U.S. stocks in their portfolios. Big ownership from the Middle East Lucid's origin story begins in California, where it was founded in 2007 with the original name Atieva. Since it's neither headquartered in China nor predominantly owned by Chinese organizations, it's clear that Lucid is not a Chinese company. On the other hand, it has significant ties to Saudi Arabia. Its majority shareholder is Saudi Arabia's Public Investment Fund, which owns 1.37 billion shares, representing about 60% of the outstanding shares . Vanguard and Blackrock are also major investors, though their positions are notably smaller -- about 74 million and 48 million shares, respectively. The EV maker's ties to Saudi Arabia extend even further. Last year,
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LCID
News
- Lucid, Workhorse Group and Canoo lead meme-on rally for some EV names [Seeking Alpha]Seeking Alpha
- Why These Former Meme-Stock EV Companies Are Surging Now [Yahoo! Finance]Yahoo! Finance
- Analyst Forecasts Just Became More Bearish On Lucid Group, Inc. (NASDAQ:LCID) [Yahoo! Finance]Yahoo! Finance
- Should Investors Buy Lucid Stock Today? [Yahoo! Finance]Yahoo! Finance
- Lucid Group, Inc. (NASDAQ: LCID) had its price target lowered by analysts at Stifel Nicolaus from $4.00 to $3.00. They now have a "hold" rating on the stock.MarketBeat
LCID
Earnings
- 5/6/24 - Miss
LCID
Sec Filings
- 5/6/24 - Form 10-Q
- 5/6/24 - Form 8-K
- 4/26/24 - Form 4
- LCID's page on the SEC website