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Graphite One and Lucid Enter into Non-Binding Supply Agreement

Graphite One and Lucid Enter into Non-Binding Supply Agreement Graphite One and Lucid Enter into Non-Binding Supply Agreement PR Newswire VANCOUVER, BC, July 25, 2024 Graphite One-Lucid agreement...

Stocktwits data reveals that retail investors for Rivian Automotive Inc. (RIVN) and Lucid Group Inc. (LCID) are more nervous than before following Tesla Inc.'s (TSLA) disappointing Q2 results.The sentiment score for Rivian is edging toward extremely bearish at 25/100, while Lucid’s is slightly better but still bearish at 44/100. Shares of Rivian were down over 6% on Wednesday, and Lucid’s slid over 2.70%.<figure class="image"><img style="aspect-ratio:1322/306;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/RIVN_Stocktwits_sentiment_on_Jul_24_cdde1ace8a.png" alt="RIVN Stocktwits sentiment on Jul 24.png" width="1322" height="306"><figcaption>LCID Stocktwits sentiment on Jul 24</figcaption></figure><figure class="image"><img style="aspect-ratio:1320/318;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/LCID_Stocktwits_sentiment_on_Jul_24_5bf424a82b.png" alt="LCID Stocktwits sentiment on Jul 24.png" width="1320" height="318"><figcaption>RIVN Stocktwits sentiment on Jul 24</figcaption></figure>Tesla, the industry leader, reported its fourth straight profit miss on Tuesday, with margins at their lowest in five years due to aggressive price cuts to stimulate demand and increased spending on ambitious AI projects.Initially, Stocktwits sentiment for TSLA <a href="https://stocktwits.com/news/markets/equity/tesla-stock-falls-after-q2-miss-retail-still-bullish/c7r4wHxRb5">remained bullish premarket</a> and early Wednesday, reflecting retail investors’ faith in CEO Elon Musk’s autonomy-centric vision. However, sentiment tumbled to 28/100 by the afternoon, sparking fears for other EV makers.One bearish <a href="https://stocktwits.com/Nosecandy_Bear/message/580541158">post</a> on RIVN’s Stocktwits stream encapsulated the mood: “Funny how everyone wants this to be the next Tesla when it’s convenient for their story. Yet not when it’s inconvenient such as today!”Both Rivian and Lucid have struggled with earnings consistency. LCID has missed three out of four EPS estimates in the past four quarters, while RIVN has missed two. Both companies are still losing significant amounts of money per vehicle produced. Their challenges are exacerbated by a slowdown in the EV market and intense competition from Chinese rivals.Despite these hurdles, there have been some recent positive developments. Lucid shares rose last week after announcing enhancements to its 2025 Lucid Air Pure and second-quarter deliveries rose 70% YoY to 2,394 units.Rivian surged nearly 50% over the past month thanks to a tie-up with Volkswagen, which promised to invest billions into the U.S. EV startup. Rivian’s Q2 production and delivery results were also in line with expectations, but CEO R.J. Scaringe has attributed the EV slowdown to a lack of affordable choices under $50,000, criticizing most automakers for replicating Tesla Model Y’s design.The California-based company faces additional challenges. On Wednesday, Reuters reported that Rivian is set to face trial over allegations that it prompted former Tesla employees to steal trade secrets, potentially weighing on investor sentiment.Looking ahead, LCID and RIVN are set to report Q2 results after market hours on August 5 and August 6, respectively, with estimated earnings per share of -$0.27 and -$1.25. As these dates approach, investor sentiment remains a critical factor to watch, with both companies navigating a challenging market landscape amid heightened competition and financial pressures.Photo courtesy: Rivian

Retail Investors Panic As Tesla’s Q2 Miss Casts Shadow Over Rivian And Lucid

Retail sentiment is slumping in both Rivian and Lucid following Tesla’s earnings miss. Both companies face mounting pressure to deliver profitability amid intensifying competition and a slowdown in EV demand.

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Tesla's stock price is taking a hit, dropping nearly 4% to $239.43 on Friday afternoon. On Stocktwits, retail sentiment towards Tesla (TSLA) has turned more bearish (27/100) compared to a month ago despite the stock’s recent surge.<figure class="image"><img style="aspect-ratio:1326/312;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/TSLA_Stocktwits_Sentiment_Score_Jul_19_60da24b885.png" alt="TSLA Stocktwits Sentiment Score Jul 19.png" width="1326" height="312"><figcaption>TSLA Stocktwits Sentiment Score Jul 19</figcaption></figure>Several factors are likely contributing to this negativity. First, former President Donald Trump's nomination speech on Friday has rattled the electric vehicle (EV) market. He vowed to “end the electric vehicle mandate on day one” if re-elected, referring to President Biden's EV policies, which he claims threatens the U.S. auto industry.&nbsp;This threat, though potentially exaggerated (as Bloomberg noted that the Biden administration doesn't have a formal EV mandate) is causing concern. Other EV stocks like Rivian (RIVN) and Lucid (LCID), saw their shares — and retail sentiment — dipping alongside Tesla.<figure class="image"><img style="aspect-ratio:1322/304;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/RIVN_Stocktwits_Sentiment_Score_Jul_19_37eee24fed.png" alt="RIVN Stocktwits Sentiment Score Jul 19.png" width="1322" height="304"><figcaption>RIVN Stocktwits Sentiment Score Jul 19</figcaption></figure><figure class="image"><img style="aspect-ratio:1326/320;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/LCID_Stocktwits_Sentiment_Score_Jul_19_777a7fb107.png" alt="LCID Stocktwits Sentiment Score Jul 19.png" width="1326" height="320"><figcaption>LCID Stocktwits Sentiment Score Jul 19</figcaption></figure>Tesla CEO Elon Musk, who recently endorsed Trump and pledged massive financial support, downplayed the potential impact of Trump's proposed policy, stating on X that Tesla doesn't rely on subsidies unlike its competitors.<figure class="image"><img style="aspect-ratio:1192/444;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_19_at_2_52_38_PM_3455089480.png" alt="Elon Musk tweet about Tesla subsidies on Jul 19" width="1192" height="444"><figcaption>Elon Musk tweet about Tesla subsidies on Jul 19</figcaption></figure>While Musk's post garnered some support on Stocktwits, many retail investors remain skeptical. A key concern is the potential loss of regulatory credit sales, a lucrative side hustle for Tesla. These credits, earned by selling EVs in environmentally conscious markets, are then sold to automakers struggling to meet emission standards. According to <a href="https://www.autonews.com/regulation-safety/how-tesla-rakes-9-billion-other-automakers">Automotive News</a>, Tesla has raked in a whopping $9 billion through this program since 2009.A popular post on the Tesla Stocktwits stream claimed that Trump’s proposed Drive American Act would essentially remove the $7,500 tax credit for EVs (under the Biden Administration’s program) and replace it with a $7,500 credit for gas-powered vehicles.<figure class="image"><img style="aspect-ratio:1286/662;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Stocktwits_user_Ro_Patel_s_TSLA_post_Jul_19_62b21142de.png" alt="Stocktwits user Ro Patel's TSLA post Jul 19.png" width="1286" height="662"><figcaption>Stocktwits user Ro Patel's TSLA post Jul 19</figcaption></figure>Beyond the political landscape, Tesla faces other headwinds. California, a crucial market, has seen a 24% drop in Tesla car registrations during Q2, marking the third consecutive quarter of declining sales there.Additionally, Business Insider’s report about Tesla facing some production issues due to the recent IT outage linked to Microsoft and Crowdstrike, and Cathie Wood's Ark Invest offloading $8 million of Tesla shares are also contributing to the overall bearish sentiment.One Stocktwits <a href="https://stocktwits.com/fjcicchetti/message/580093902">user</a> wrote, "how is Elon supporting Trump? It's literally the opposite of what TSLA needs." A lot more in the retail community are probably wondering the same.Tesla, the most watched symbol on Stocktwits with nearly 1 million followers, has lost over 3.60% year-to-date amid a slowdown in the EV sector and Musk’s pivot to a robotaxi-focused future. &nbsp;

Tesla’s Retail Base On Stocktwits Fears Trump's EV Policy Threat, Despite Elon Musk's Reassurance

Trump's vow to eliminate Biden's EV policies and Musk’s endorsement of Trump are puzzling some investors

Trump's vow to eliminate Biden's EV policies and Musk’s endorsement of Trump are puzzling some investors. But the EV giant is also facing other headwinds, which is keeping overall sentiment toward Tesla stock in a bearish zone.

Lucid's CEO throws shade at BMW, Tesla

In December 2023, California-based EV automaker Lucid (LCID) achieved a fantastic feat that only its rival Tesla (TSLA) could: producing a car worthy of Car and Driver's prestigious 10Best list...

Elon Musk's support of Trump is a salient example of his level of distraction,' says former Musk employee-turned-EV-rival Peter Rawlinson,  CEO of Lucid Motors

Lucid Motors CEO Peter Rawlinson said the last time he spoke to Musk was when he handed in his resignation. Read More...

Lucid Raises the Bar with World's Most Efficient Car Achieving Landmark 5.0 miles/kWh and Record 146 MPGe

Lucid Raises the Bar with World's Most Efficient Car Achieving Landmark 5.0 miles/kWh and Record 146 MPGe Lucid Raises the Bar with World's Most Efficient Car Achieving Landmark 5.0 miles/kWh and...

Here Are The Markets Moving Higher As Trump's Election Odds Rise

Here Are The Markets Moving Higher As Trump's Election Odds Rise

 "I'm not supposed to be here, I'm supposed to be dead," former President Trump told the New York Post on Sunday while...

Tesla, Rivian Stocks Driven Higher by Analysts' Optimism

Justin Sullivan / Staff / Getty Images

 Key TakeawaysShares of electric vehicle (EV) makers are rising in intraday trading Friday after analysts at Mizuho issued price target increases for...

What's Going On With Lucid Group Stock?

Lucid Group shares are trading higher Thursday, and the stock is up more than 13% over the past five days. Here's a look at what's going on:
read more...

EV stocks are showing major signs of life

Elon Musk.Steve Granitz/FilmMagic via Getty ImagesElectric-vehicle stocks have surged as second-quarter deliveries beat Wall Street estimates.Tesla stock is vying for a 10-day win streak on Tuesday...

Lucid Group, Inc. manufactures electric vehicles. It designs, develops, and builds energy storage systems for electric vehicles and supplies automakers with the battery pack system needed to power hybrid, plug-in, and electric vehicles. The company was founded in December 2007 and is headquartered in Newark, CA.

Volume	27.08M
52-Wk High	$7.75
52-Wk Low	$2.29

LCID Lucid Group Inc

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