{
}
Elon Musk asserts that Trump's 25% auto tariffs won't significantly impact Tesla, as the company manufactures all its US-sold vehicles domestically. While Tesla's stock rose amid competitors' declines, concerns linger about potential retaliatory tariffs and rising international parts costs. Musk acknowledged the tariffs' significant effects, despite investor optimism.
Tesla is set to launch in Saudi Arabia with a showcase event in Riyadh on April 10, introducing its electric vehicles, solar innovations, and autonomous technologies, including the "Cybercab" and humanoid robot "Optimus." This expansion comes amid challenges in other markets, particularly Europe, where Tesla's sales have dropped significantly. Saudi Arabia is actively promoting electric vehicles as part of its economic diversification strategy, with the Public Investment Fund holding a major stake in competitor Lucid Group.
Tesla is set to launch in Saudi Arabia on April 10, showcasing its electric vehicles and solar-powered products in Riyadh. The event will feature demonstrations of autonomous driving technology and the humanoid robot Optimus, although no sales dates have been announced. Despite expanding into the Gulf region, Tesla faces declining sales in Europe and ongoing protests in the US linked to CEO Elon Musk's political involvement.
Lucid Group shares rose 3.7% to $2.36 following a Morgan Stanley upgrade from Sell to Hold, with analyst Adam Jonas citing a "balanced risk/reward" and benefits from local manufacturing and ties to Saudi Arabia. Despite this boost, Lucid faces ongoing financial losses, with a third-quarter operating loss projected between $765 million and $790 million, and increasing competition in the electric vehicle market. The company's largest stakeholder, Saudi Arabia's Public Investment Fund, has raised its ownership to 58.8% after a significant investment.
Lucid Group shares rose 3.7% to $2.36 after Morgan Stanley upgraded the stock from Sell to Hold, citing a "balanced risk/reward" outlook and the company's ties to Saudi Arabia. Despite a projected third-quarter operating loss of up to $790 million, the firm sees potential in Lucid's local manufacturing and AI strategies. However, the company continues to face challenges from competitive electric vehicle markets and ongoing financial losses.
Lucid Group (NASDAQ: LCID) has been upgraded by Morgan Stanley from Underweight to Equal-weight, maintaining a $3 price target and a $10 bull case. Analyst Adam Jonas highlights the company's potential in AI strategy and domestic EV manufacturing, suggesting balanced risks ahead. Despite challenges, Lucid's leadership changes and ability to navigate geopolitical issues may enhance its capital and partnership opportunities.
Lucid Group, Inc. (NASDAQ: LCID) has seen a 29.4% increase in holdings by Charles Schwab Investment Management, now owning 6.6 million shares valued at nearly $20 million. Analysts maintain a consensus "Hold" rating, with target prices ranging from $1.13 to $5.00, while 75.17% of the stock is held by institutional investors. The company's stock opened at $2.44, with a market cap of $7.4 billion and a P/E ratio of -1.82.
Lucid Group (NASDAQ:LCID) has received an upgrade from Morgan Stanley, moving from underweight to equal weight with a $3.00 price target. Analysts maintain a "Hold" rating on the stock, with an average target price of $2.69, while institutional investors have increased their stakes significantly in recent quarters. The company designs and manufactures electric vehicles and proprietary software in-house, with a market capitalization of $7.12 billion.
Lucid Group's stock has seen a dramatic 91% decline over three years, but Morgan Stanley's Adam Jonas now sees potential for recovery, citing leadership changes and opportunities in AI-driven manufacturing. He upgraded Lucid's rating to Equal-weight, maintaining a $3 price target, suggesting a 39% upside. The company’s advancements in EV technology and potential partnerships position it favorably in the evolving market landscape.
Lucid Group, Inc. specializes in designing and manufacturing electric vehicles, including the luxury Lucid Air sedan, at its facility in Casa Grande, Arizona. The company emphasizes in-house innovation and vertical integration, offering a direct-to-consumer sales model and a network of service centers.
Lucid Group, Inc.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Tesla thrives amid Trump's auto tariffs while rivals struggle
United States Dollar
Stellantis N.V.
Ford Motor Company
General Motors Co
Rivian Automotive, Inc.
Tesla, Inc.
Lucid Group, Inc.
DEU
USA
Elon Musk
Donald Trump
Jamieson Greer
Show more
17:47 27.03.2025
Tesla to debut in Saudi Arabia with showcase event in Riyadh
13:43 26.03.2025
Tesla to launch in Saudi Arabia with event showcasing electric vehicles and AI
10:10 26.03.2025
lucid shares rise after upgrade but long-term challenges remain
18:18 21.03.2025
lucid shares rise after upgrade but face ongoing financial challenges
United States Dollar
Lucid Group, Inc.
Ayar Third Investment Company
Morgan Stanley
SAU
USA
Adam Jonas
Show more
17:15 21.03.2025
lucid group upgraded by morgan stanley amid ai and strategic alliances
08:53 21.03.2025
lucid group stock analysis and investment outlook for 2023
08:19 20.03.2025
lucid group receives mixed analyst ratings amid stock performance updates
08:07 19.03.2025
Morgan Stanley sees potential in Lucid stock amid EV market challenges
02:57 19.03.2025
lucid group shares increase following upgrade from morgan stanley
19:44 18.03.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Finance Mergers & Acquisitions
Global Financial Events
Banking Regulations
Retail and Consumer Goods
Market Analysis and Predictions
CEO Changes
Global Trade Developments
Industry Mergers & Acquisitions
Energy Sector Developments
Startups & Entrepreneurship
Supply Chain Management
Financial Scams and Security
Government Policies
Central Bank Actions
Government Economic Policies
Domestic Politics
Workplace Trends
Countries:
Companies:
Tesla, Inc.
Barclays PLC
BNP Paribas SA
JPMorgan Chase & Co.
Apple Inc.
Raiffeisen Bank International AG
Deutsche Bank RV Global PP
Bank of America Corporation
UBS Group AG
NVIDIA Corporation
Morgan Stanley
Capital One Financial Corporation
The Goldman Sachs Group, Inc.
Citigroup Inc.
Berkshire Hathaway Inc.
Amazon.com, Inc.
SpaceXCoin USD
Commerzbank AG
Credit Suisse Real Estate Fund Siat
Wells Fargo & Company
Currencies:
United States Dollar
Euro
Chinese Yuan
Indian Rupee
Swiss Franc
British Pound Sterling
Vietnamese Đồng
Japanese Yen
Australian Dollar
Hong Kong Dollar
United Arab Emirates Dirham
Russian Ruble
Singapore Dollar
South Korean Won
Thai Baht
Norwegian Krone
Danish Krone
Swedish Krona
Ghanaian Cedi
Canadian Dollar
People: