LCID Stock News: Lucid Motors – Churchill Capital IV rides lower once again to close the week

NASDAQ:LCID dropped by 1.55% and lagged the broader markets on Friday.
As Lucid prepares to deliver its first vehicles, Tesla readies its new Gigafactory.
Former EV SPAC Lordstown Motors may have hit rock bottom on Friday.

Stocks Reporter FXStreet

NASDAQ:LCID closed the week on another down note as any gains made earlier were quickly erased after back to back red days on Thursday and Friday. Shares of LCID fell by a further 1.55% on Friday to close the trading week at $23.48. Lucid was trading higher during the morning session but general weakness in the electric vehicle sector saw the stock close lower. Tesla (NASDAQ:TSLA), Nio (NYSE:NIO), and XPeng (NYSE:XPEV) were just some of the constituents of the sector that were trading in the red on Friday, so it should come as no surprise that Lucid also ended the day at a loss.

It seems like we have been waiting for years to hear about the opening of Tesla’s latest Gigafactory outside of Berlin, Germany. As Lucid prepares for the start of its production at its manufacturing facility in Arizona, Tesla is anticipating that it will open its fourth Gigafactory by October. CEO Elon Musk estimates that the German factory will be producing vehicles by the end of 2021, which means we could see a considerable spike to vehicle deliveries in the fourth quarter.

LCID Stock price forecast

Lucid investors should continue to keep tabs on other EV SPACs and how they perform after merging. Lordstown Motors (NASDAQ:RIDE) continued its freefall on Friday hitting new all-time lows. What was the cause of the latest tumble? Lordstown management reiterated on Friday that it does not have the money to continue funding any large scale production or even manufacture the battery powered trucks. The company stated that it may have trouble remaining in business for longer than a year.

Premium

You have reached your limit of 3 free articles for this month.

Start your subscription and get access to all our original articles.

Subscribe to Premium Sign In

Author

Stocks Reporter

FXStreet

EUR/USD eases to four-week lows near 1.1650

EUR/USD now loses further momentum and recedes to multi-week lows near 1.1650 on Thursday. The pair’s extra retracement comes on the back of the persistent bid tone in the US Dollar as investors continue to gear up for the release of the December NFP figures on Friday.

GBP/USD: Further weakness could challenge 1.3400

GBP/USD remains under unabated selling pressure on Thursday, slipping to fresh three-day lows around 1.3415 in response to further improvement in the sentiment surrounding the Greenback ahead of Friday’s key NFP data.

Gold bounces back to its comfort zone

Gold now manages to regain some balance, fading its earlier pullback to the proximity of the $4,400 region per troy ounce and reshifting its attention to the $4,450 zone on Thursday. The yellow metal’s move lower comes in response to a better tone in the Greenback and the generalised recovery in US Treasury yields.

Crypto Today: Bitcoin, Ethereum, XRP extend decline as ETF outflows pose headwinds

Bitcoin struggles with selling pressure as institutional investor sentiment deteriorates. Ethereum hangs onto the 50-day EMA lifeline amid growing overhead risks and the resumption of ETF outflows.

2026 economic outlook: Clear skies but don’t unfasten your seatbelts yet

Most years fade into the background as soon as a new one starts. Not 2025: a year of epochal shifts, in which the macroeconomy was the dog that did not bark. What to expect in 2026? The shocks of 2025 will not be undone, but neither will they be repeated.

XRP slides as institutional and retail demand falters

Ripple is trading down for the third consecutive day on Thursday amid escalating volatility in the cyrptocurrency market. After peaking at $2.41 on Tuesday, its highest print since November 14 amid the early-year rally, XRP has quickly ran into aggressive profit-taking.