Tag Archives: lucid

EV maker Lucid surges on report Saudi PIF to buy remaining stake

Jan 27 (Reuters) – Lucid Group’s (LCID.O) shares surged 43% on Friday, paring gains after doubling on market speculation that Saudi Arabia’s Public Investment Fund (PIF) wanted to buy out the electric vehicle maker.

The speculation originated from an “uncooked” alert attributed to deals website Betaville, using its term for market gossip. Lucid was the sixth-most traded stock on U.S. exchanges and third top mover on the Nasdaq mid-afternoon.

The PIF, the sovereign wealth fund that owns more than 65% of Newark, California-based Lucid, did not immediately respond to a request for comment. Lucid declined to comment.

In 2018, PIF was interested in taking Tesla private, but the deal did not materialize. Tesla chief Elon Musk is under trial for allegedly misleading investors with his tweet “funding secured” for taking the company private.

Lucid has been struggling to deliver its sleek Air luxury EVs after delivering 4,369 vehicles last year.

With Tesla’s price cuts, money-losing U.S. startups like Rivian Automotive Inc (RIVN.O) and Lucid will find it difficult to grab share in an industry competing for shrinking consumer wallets.

Lucid’s short interest as a percentage of its total float is around 37% versus only 3.5% for Tesla. Still, in dollar amounts, Lucid’s short interest totals $1.6 billion, versus $15.01 billion of Musk’s car maker.

Short sellers dealt a mark-to-market loss of $685 million with Lucid’s shares spike on Friday, analytics firm S3 Partners added. Losses, however, only materialize if short sellers close out their positions.

“With Lucid short sellers’ mark-to-market losses climbing, we should expect short covering to begin in earnest after today’s short-side blood bath,” said Ihor Dusaniwsky, managing director of S3, adding it has become a popular trading position.

One long-short fund manager who had no previous exposure to Lucid said it decided to short it as this person believes the spike was solely based on rumors.

Reporting by Carolina Mandl, in New York, Chavi Mehta in Bengaluru and Hyun Joo Jin; Editing by Maju Samuel and Josie Kao

Our Standards: The Thomson Reuters Trust Principles.

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Why EV Stocks Lucid Group, Rivian Automotive, Tesla Are Rallying Friday

Lucid Group Inc LCID shares were ripping Friday and halted on a circuit breaker to the upside in early afternoon trading following rumors circulated by traders the Saudi Public Investment Fund is planning to buy out the remainder of the electric vehicle company. 

Benzinga has contacted the Public Investment Fund and Lucid Group for comment on the rumors.

Rivian Automotive’s RIVN stock traded higher Friday afternoon, trading up more than 7% from Thursday’s close.

Tesla Inc TSLA was also trading higher by about 10% Friday afternoon after reporting strong earnings earlier in the week.

In addition to the strong earnings in the electric vehicle space, the Personal Consumption Expenditure index, one of the Fed’s key measures of inflation, came in cooler than expected Friday morning, and is at its lowest level since October 2021.

This is another sign that inflation is cooling and the Fed may be able to ease its rate hikes at some point this year.

The cooling inflation should be good news for most equities, but especially growth stocks which have been hit the hardest by the Fed’s interest rate hikes. 

LCID, RIVN, TSLA Price Action: At the time of publication, Lucid shares were trading 51.4% higher. Shares of Rivian were up 11.6% and Tesla shares were up 9.8%. 

Photo courtesy of Lucid Group. 

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Tesla, Amazon, Lucid, Wayfair, Sumo Logic: Trending Stocks

Major Wall Street indices closed in the green on Monday as investors and traders began considering the possibility of a slowdown in the pace of the Federal Reserve’s rate hikes. A report in The Wall Street Journal indicated central bank officials are preparing to slow the rate hike pace for a second straight meeting in early February on growing hopes of easing inflation. Comments by Fed Governor Christopher Waller on Friday that indicated a favor toward a quarter-percentage-point rate hike at the next meeting boosted investor sentiments, according to CNBC. The following stocks drew heavy investors’ attention:

1. Tesla Inc TSLA: Shares of Tesla closed 7.74% higher on Monday. The stock movement could be attributed to overall market strength, recent reaction to the company’s price cuts, and CEO Elon Musk’s ongoing trial over his 2018 ‘funding secured’ comments. Elon Musk told jurors on Monday he was sure he had secured financial support from Saudi investors in 2018 to take Tesla private and could even have utilized his stake in SpaceX to fund a buyout, reported Reuters.

Also Read: How To Invest In Startups

2. Amazon.com, Inc. AMZN: Shares of Amazon closed 0.28% higher on Monday. The company announced the launch of Amazon Air in India to further enhance its transportation network.

3. Lucid Group Inc LCID: Shares of Lucid closed 12.79% higher on Monday. Citi analyst Itay Michaeli resumed coverage of Lucid with a ‘Buy’ rating and a $12 price target which is about 50% higher than the current stock price.

4. Wayfair Inc W: Shares of Wayfair closed 26.8% higher on Monday. Multiple analysts have upgraded the stock in the wake of the company’s cost-efficiency plan and business performance update. JPMorgan analyst Christopher Horvers upgraded the stock from ‘Underweight’ to ‘Overweight’ and raised the price target from $35 to $63.

5. Sumo Logic Inc SUMO: Shares of the company closed 28.68% higher on Monday. Reports indicated that multiple private equity firms have expressed interest in a potential acquisition. Firms including Thoma Bravo, Vista Equity Partners and Francisco Partners have approached Sumo Logic showing interest in a potential acquisition, according to a report by The Information.

Read Next: Will Inflation Come Roaring Back? All Eyes On China As Oil Prices Reach 7 Week Highs

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General Mills, Steelcase, Lucid and more

Take a look at some of the biggest movers in the premarket:

General Mills (GIS) – General Mills reported better-than-expected profit and revenue for its latest quarter, and it raised its full-year forecast. The food producer was helped by higher prices which were only partially offset by increased input costs. The stock slid 1.3% in premarket action.

Steelcase (SCS) – Steelcase gained 3% in the premarket after the office furniture maker reported better-than-expected quarterly earnings and issued an upbeat profit forecast. Steelcase’s quarterly revenue fell short of Wall Street forecasts as did its revenue forecast, however, but its backlog of orders is 3% higher than it was a year ago.

Lucid (LCID) – Lucid rallied 5.% in premarket trading after the electric vehicle maker raised more than $1.5 billion in a series of stock sales.

Rocket Lab (RKLB) – Rocket Lab fell 1.3% in premarket action after announcing a delay in its first rocket launch from the United States. Rocket Lab cited both poor weather conditions as well as regulatory delays stemming from the processing of documentation by NASA and the Federal Aviation Administration. As a result, Rocket Lab cut its revenue forecast for the fourth quarter.

The Trade Desk (TTD) – The Trade Desk rose 1.7% in premarket trading after the digital advertising firm’s stock was rated “overweight” in new coverage at Piper Sandler.

Generac (GNRC) – The power equipment maker’s stock slid 1.5% in the premarket after Baird downgraded it to “neutral” from “outperform,” saying Generac’s end markets have not yet reached a bottom and inventory levels are still in the process of returning to normal.

Stitch Fix (SFIX) – The stock was downgraded to “neutral” from “underweight” at J.P. Morgan Securities, even after an 82% year-to-date decline. The firm says the online clothing styler is struggling with its transition to “Fix + Freestyle” business model. Stitch Fix shares lost 1.6% in premarket trading.

Beam Therapeutics (BEAM) – The biotech company’s shares rose 2.2% in the premarket after Beam was upgraded to “outperform” from “market perform” at BMO Capital. BMO expects positive announcements from Beam’s partner Verve Therapeutics (VERV) to help drive the stock higher.

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1 in 5 people recall ‘lucid dying’ after being revived by CPR

A clearer picture of life after death — albeit short-lived — is coming into focus

A new study has shown that 20% of people on the brink of death have experienced “lucid dying.” The phenomenon is said to occur in the moments between undergoing cardiac arrest, when they are unconscious or dying, and receiving lifesaving cardiopulmonary resuscitation.

One in five survivors reported feeling separated from their body and observing events without pain or distress — which researchers have differentiated from hallucinations, delusions, dreams or living consciousness.

“These lucid experiences cannot be considered a trick of a disordered or dying brain, but rather a unique human experience that emerges on the brink of death,” said lead researcher Dr. Sam Parnia. His team at the NYU Grossman School of Medicine in New York City presented their findings Sunday at a symposium as part of the American Heart Association’s Scientific Sessions in Chicago.

Parnia said the results indicate evidence that some people have a “unique inner conscious experience, including awareness without distress,” after physical death. These extraordinary experiences, as well as heightened brain activity at time of death, suggests that consciousness may carry on in some capacity after death.

The study suggests consciousness may not stop completely around the time of death.
Getty Images

Researchers analyzed data from 567 hospital patients who had gone into cardiac arrest and received CPR between May 2017 and March 2020, in both US and UK hospitals. They furthermore included self-reported testimonies from 126 non-hospital survivors of cardiac arrest.

Patients were also tested for hidden brain activity during this time, revealing spikes up to an hour into CPR, including gamma, delta, theta, alpha and beta waves — the same that may occur in the living while performing high-level thought processes.

Upon death, the brain is known to fire off a series of “disinhibition” signals, that open new pathways to memory and imagination. Scientists don’t understand the evolutionary purpose of this process, but it does raise “intriguing questions about human consciousness, even at death,” said Parnia.

Scientists have only begun to reckon with the notion of consciousness as more than just a side effect of having a functional brain. In a statement, Parnia urged for further study into the specific biomarkers of “clinical” consciousness.

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Lucid Dying: Patients Recall Death Experiences During CPR

Summary: 1 in 5 people who receive CPR report lucid experiences of death while they are seemingly unconscious and on the brink of death. The lucid experiences appear to be different from hallucinations, dreams, illusions, and delusions. Researchers found during these experiences the brain has heightened activity and markers for lucidity, suggesting the human sense of self, like other biological functions, may not completely stop around the time of death.

Source: NYU Langone

One in five people who survive cardiopulmonary resuscitation (CPR) after cardiac arrest may describe lucid experiences of death that occurred while they were seemingly unconscious and on the brink of death, a new study shows.

Led by researchers at NYU Grossman School of Medicine and elsewhere, the study involved 567 men and women whose hearts stopped beating while hospitalized and who received CPR between May 2017 and March 2020 in the United States and United Kingdom. Despite immediate treatment, fewer than 10% recovered sufficiently to be discharged from hospital.

Survivors reported having unique lucid experiences, including a perception of separation from the body, observing events without pain or distress, and a meaningful evaluation of life, including of their actions, intentions and thoughts toward others. The researchers found these experiences of death to be different from hallucinations, delusions, illusions, dreams or CPR-induced consciousness.

The work also included tests for hidden brain activity. A key finding was the discovery of spikes of brain activity, including so-called gamma, delta, theta, alpha and beta waves up to an hour into CPR. Some of these brain waves normally occur when people are conscious and performing higher mental functions, including thinking, memory retrieval, and conscious perception.

“These recalled experiences and brain wave changes may be the first signs of the so-called near-death experience, and we have captured them for the first time in a large study,” says Sam Parnia, MD, PhD, the lead study investigator and an intensive care physician, who is also an associate professor in the Department of Medicine at NYU Langone Health, as well as the organization’s director of critical care and resuscitation research.

“Our results offer evidence that while on the brink of death and in a coma, people undergo a unique inner conscious experience, including awareness without distress.”

Identifying measureable electrical signs of lucid and heightened brain activity, together with similar stories of recalled death experiences, suggests that the human sense of self and consciousness, much like other biological body functions, may not stop completely around the time of death, adds Parnia.

“These lucid experiences cannot be considered a trick of a disordered or dying brain, but rather a unique human experience that emerges on the brink death,” says Parnia.

As the brain is shutting down, many of its natural braking systems are released. Known as disinhibition, this provides access to the depths of a person’s consciousness, including stored memories, thoughts from early childhood to death, and other aspects of reality.

While no one knows the evolutionary purpose of this phenomenon, it clearly reveals “intriguing questions about human consciousness, even at death,” says Parnia. 

The study authors conclude that although studies to date have not been able to absolutely prove the reality or meaning of patients’ experiences and claims of awareness in relation to death, it has been impossible to disclaim them either. They say recalled experience surrounding death now merits further genuine empirical investigation without prejudice.

The researchers found these experiences of death to be different from hallucinations, delusions, illusions, dreams or CPR-induced consciousness. Image is in the public domain

Researchers plan to present their study findings at a resuscitation science symposium that is part of the American Heart Association’s Scientific Sessions 2022 taking place in Chicago on Nov. 6.

See also

Some 25 hospitals in the U.S. and U.K. participated in the study, called AWARE II. Only hospitalized patients were enrolled to standardize the CPR and resuscitation methods used after cardiac arrest, as well as the recordings made of brain activity. Additional testimonies from 126 community survivors of cardiac arrest with self-reported memories were also examined in this study to provide greater understanding of the themes related to the recalled experience of death. 

Parnia says further research is needed to more precisely define biomarkers of what is considered to be clinical consciousness, the human recalled experience of death, and to monitor the long-term psychological effects of resuscitation after cardiac arrest.

Funding: Funding and support for the study was provided by NYU Langone, The John Templeton Foundation, and the Resuscitation Council (UK) and National Institutes for Health Research in the U.K.

Besides Parnia, other NYU Langone study investigators are Tara Keshavarz Shirazi, BA; Caitlin O’Neill, MPH; Emma Roellke, MD; Amanda Mengotta, MD; Thaddeus Tarpey, PhD; Elise Huppert, MD; Ian Jaffe, BS; Anelly Gonzales, MS; Jing Xu, MS; and Emmeline Koopman, MS. Other study investigators are Deepak Pradhan, MD, at Bellevue Hospital in New York City; Jignesh Patel, MD; Linh Tran, MD; Niraj Sinha, MD; and Rebecca Spiegel, MD, at Stony Brook University in N.Y.; Shannon Findlay, MD, at the University of Iowa in Iowa City; Michael McBrine, MD, at Tufts University in Boston; Gavin Perkins, MD, at the University of Warwick in Coventry, U.K.; Alain Vuylsteke, MD, at Royal Papworth Hospital NHS Foundation Trust in Cambridge, U.K.; Benjamin Bloom, MD, at Barts Health NHS Trust in London, U.K.; Heather Jarman, RN, at St. George’s University Hospitals NHS Foundation Trust in London; Hiu Nam Tong, MD, at Queen Elizabeth Hospital King’s Lynn NHS Foundation Trust in King’s Lynn, U.K.; Louisa Chan, MD, at Hampshire Hospitals NHS Foundation Trust in Hampshire, U.K.; Michael Lyacker, MD, at Ohio State University in Columbus; Matthew Thomas, MD, at University Hospitals Bristol and Wexton NHS Foundation Trust in Bristol, U.K.; Veselin Velchev, MD, at St. Anna University in Sofia, Bulgaria; Charles Cairns, MD, at Drexel University in Phildelphia; Rahul Sharma, MD, at Weill Cornell Medicine in New York City; Erik Kulstad, MD, at University of Texas Southwestern in Dallas; Elizabeth Scherer, MD, at University of Texas San Antonio; Terence O’Keeffe, MD, at Augusta University in Augusta, Ga.; Mahtab Foroozesh, MD, at Virginia Tech in Roanoke; Olumayowa Abe, MD, at New York-Presbyterian in New York City; Chinwe Ogedegbe, MD, at Hackensack University in Nutley, N.J.; Amira Girgis, MD, at Kingston Hospital NHS Foundation Trust in Surrey, U.K.; and Charles Deakin, MD, at University Hospital Southampton NHS Foundation Trust in Southampton, U.K.

About this neuroscience research news

Author: David March
Source: NYU Langone
Contact: David March – NYU Langone
Image: The image is in the public domain

Original Research: The findings will be presented at the American Heart Association Scientific Sessions

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Lucid Motors has drastically reduced its production target, again

Luxury EV startup Lucid Motors changed its yearly production target again, lowering it to an expected output of between 6,000 and 7,000 vehicles, the company announced today. That’s only a fraction of the 20,000 cars that Lucid initially promised to deliver in 2022. The Tesla competitor has only produced 1,405 vehicles so far this year, giving it a mere four months to build thousands of new cars.

Supply chain woes and a shortage of parts and raw materials are to blame for the slow output, the company claims. In a call with investors, the California-based company’s CEO Peter Rawlinson said it is planning a number of structural changes to amp up production. “Our revised production guidance reflects the extraordinary supply chain and logistics challenges we encountered,” said Rawlinson. “We’ve identified the primary bottlenecks, and we are taking appropriate measures – bringing our logistics operations in-house, adding key hires to the executive team, and restructuring our logistics and manufacturing organization.”

On top of ongoing production struggles, this May the company was forced to recall all of its 2022 Air EVs due to wiring issues — a total of over 1,000 cars. Such challenges haven’t appeared to impact demand for the luxury vehicles. So far, there have been 37,000 reservations for Lucid Motor’s all-electric sedan, the Lucid Air, the company disclosed in the . On top of that, Lucid plans to sell over 100,000 cars to the government of Saudi Arabia — which poured over into the company and owns a 62 percent stake.

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Lucid Air Grand Touring Performance debuts with 1,050 horsepower, 446-mile range

With 1,050 horsepower, the new Grand Touring Performance edition becomes the most powerful version of Lucid’s electric Air sedan.

Lucid Motors

Electric vehicle maker Lucid is debuting a new edition of its popular and powerful Air luxury sedan.

The Lucid Air Grand Touring Performance, announced Tuesday, will ship with 1,050 horsepower and a starting price tag of $179,000. The company’s Air sedan has impressed critics in many ways since its launch last fall, in part for the astounding performance of the 1,111 horsepower Dream Edition.

But that model wasn’t easy to get. Lucid capped production of the Dream Edition to just 520 examples, all of which were spoken for months before Lucid began shipping the first Airs from its Arizona factory last October.

Lucid said Tuesday the Grand Touring Performance — with specifications that very nearly match the Dream Edition and a starting price just $10,000 higher — won’t be as limited in production.

While the Air has made a big impression at the high end of the luxury EV market, Lucid is still in the early stages of production. The company said in late February that it had built about 400 vehicles since starting production last September, and that it had about 25,000 reservations for the Air.

It now expects to deliver between 12,000 and 14,000 vehicles in 2022, down from a prior forecast of 20,000 as global supply-chain disruptions have slowed the ramp-up of Air production.

Lucid CEO Peter Rawlinson said that the company moved to develop the higher-performance model after realizing that there was still considerable demand for a range-topping Air with a four-figure horsepower rating.

Lucid was able to develop the new model quickly because of its “vertical integration,” Rawlinson said. Lucid develops and builds its own electric motors and battery packs in-house, rather than relying on third-party suppliers for the components as do most large automakers.

Performance adjustments to the Grand Touring Performance are a result of the supply-chain challenges that have hit nearly all automakers around the world. But the new Air’s specs are still impressive:

  • Zero to 60 miles per hour in just 2.6 seconds (versus a claimed 2.5 seconds for the high-performance version of the Dream Edition.)
  • EPA-estimated range of 446 miles (versus 471 miles for the high-performance Dream Edition.)
  • Lucid’s advanced driver-assist system, DreamDrive Pro, standard with much of the hardware that will be needed for fully autonomous driving, including a lidar sensor.
  • Lucid’s super-quick 900-volt charging system, which allows a user to add up to 300 miles of range in just 21 minutes at a 350 kilowatt DC Fast charger, also standard.

The new Air beats the highest-performing Tesla in most ways, but not in acceleration. Tesla’s Model S Plaid launched last year with 1,020 horsepower, EPA-estimated range of 396 miles, a starting price just over $130,000 – and a claimed zero to 60 time of 1.99 seconds.

The Grand Touring Performance is a higher-performance variant of the previously-announced Lucid Air Grand Touring, which claims 819 horsepower. That model has begun shipping, Lucid said on Tuesday.

U.S. deliveries of the new Grand Touring Performance model will begin in June.

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Lucid Stock Sinks As Tesla Rival Slashes 2022 Production Outlook| Investor’s Business Daily

Lucid Motors (LCID) significantly missed fiscal fourth-quarter earnings estimates late Monday and slashed 2022 production outlook. Lucid stock sold off early Tuesday.

On Monday, Lordstown Motors (RIDE) joined Nikola (NKLA) in reporting smaller-than-feared losses. But Lordstown also disappointed with its production outlook.




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Saudi-backed Lucid also announced a plant in Saudi Arabia in a separate release late Monday. Among U.S. EV startups, Lucid is generally seen as a more credible, potential Tesla (TSLA) challenger because it’s actually delivering vehicles. Its luxury, highly efficient Lucid Air sets it apart from most other EVs.

Lucid Earnings

Estimates: Analysts expected Lucid to lose 35 cents a share on revenue of $36.7 million. In Q3, Lucid reported a 43-cents-a-share loss, worse than expected.

Results: Lucid lost 64 cents a share on revenue of $26.392 billion.

Outlook: Lucid updated 2022 production guidance. It’s now forecasting 12,000-14,000 vehicles, vs. 20,000 earlier.

“This reflects the extraordinary supply chain and logistics challenges we’ve encountered,” CEO Peter Rawlinson said in a release.

As of Feb. 28, Lucid had reservations for more than 25,000 Lucid Air EVs. That’s up from 13,000 at the end of Q3 2021. It has produced 400 EVs and delivered 300 EVs, after starting deliveries in Q4 2021.




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Lucid Stock

Lucid stock tumbled 12% in premarket trading. Shares spiked nearly 10% to 28.98 in Monday’s stock market trading. Lucid stock has met firm resistance at its 200-day/40-week moving average since late January. The stock was about 6% below that line on Monday, and down about 25% since the start of the year.

LCID stock’s relative strength line is lagging, according to MarketSmith charts.

In a note Feb. 18, Morgan Stanley analyst Adam Jonas warned of “high levels of volatility around the share price” ahead of Lucid earnings. Among other things, he cited Lucid stock’s “unusually low free float (and) high short interest.”

On Feb. 22, the California-based company announced a recall of more than 200 of its premium electric sedans due to a possible safety issue. Shares sank nearly 5% that day.

Among U.S. EV startups, Lucid may be Tesla’s nearest challenger, along with Rivian (RIVN). Last quarter, Lucid began initial deliveries of the $169,000 Air Dream EV, which topped the longest-range Model S with more than 500 miles in driving range. The Lucid Air went on to win accolades, including MotorTrend’s 2022 Car of the Year award.

The Lucid Air is the only EV from a startup that’s “in the same league as a Tesla product in terms of range, horsepower and other advantages,” CFRA analyst Garrett Nelson said in November. Rivian also began initial deliveries in Q4 last year.

As of November, Lucid had 17,000 reservations for the Air. It also has a war chest of $4.8 billion in cash, thanks to its February 2021 deal to go public through a special purpose acquisition company (SPAC) deal with Churchill Capital Corp IV.

Early Monday, Lordstown Motors disclosed a widened loss of $81.2 million, or 42 cents a share, for the fourth quarter. Analysts had projected a 77-cent loss, FactSet shows.

The startup expects to make and sell its first 500 Endurance electric pickup trucks in the third quarter of this year, with a fivefold increase in 2023 despite parts and supply-chain challenges. China’s Foxconn will build the $55,000 Endurance electric truck in Ohio.

Lordstown stock tumbled nearly 20% to 2.57, even as other EV makers gained ground Monday. Shares of Lordstown Motors have never recovered from March 2021 accusations of fake orders by short seller Hindenburg Research.

On Monday, Lordstown management warned of hurdles in the Foxconn manufacturing deal. The production target for the end of 2023 may also have spooked investors.

Last week, Nikola also reported better-than-feared losses for the fourth quarter. It, too, expects to start generating revenue from sales of its Tre electric semi rigs this year. EV startup Nikola, too, hasn’t recovered after being targeted by Hindenburg Research in September 2020.

Nikola stock edged lower early Tuesday after closing flat at 7.90 on Monday.

Blink Earnings Rescheduled

Blink Charging (BLNK) rescheduled its fourth-quarter earnings release for March 10. The EV charging startup is likely to lose 39 cents a share on negligible revenue. Blink stock gained 3% to 24.58 on Monday. BLNK lost a fraction early Tuesday.

Recent and upcoming reports from new EV stocks provide investors a broad view of the EV startups picture, as established automakers ramp up electric vehicles amid a lingering auto chip shortage.

Lucid and its peers are among the new names pursuing the dominant electric-vehicle brand, Tesla (TSLA). But investors are wary after huge flameouts for new EV stocks. And Tesla CEO Elon Musk has cautioned that “prototypes are easy, and production is hard.”

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Lucid Air Dream Edition 0-60 mph, 1/4-mile performance gets real-world test

The Lucid Air Dream Edition is promoted primarily as a luxury car, but its listed performance specs are nothing to scoff at. This was something that was recently proven when the Lucid Air Dream Edition Performance’s 0-60 mph and quarter-mile performance was tested in a drag strip. 

With 1,111 horsepower, the Lucid Air Dream Edition Performance has the numbers to match even some of the most frightening cars in the market today, such as the Tesla Model S Plaid, which is listed with 1,020 horsepower from its three electric motors. What’s interesting is that Lucid was able to achieve the Air Dream Edition Performance’s 1,111 horsepower with just two motors. 

Fortunately, drag racing veteran and host of YouTube’s DragTimes channel Brooks Weisblat was able to test the Lucid Air Dream Edition Performance’s capabilities. The vehicle was owned by a longtime car enthusiast who currently owns a Tesla Model S Plaid, a Porsche Taycan Turbo S, and several other supercars. In a walkthrough of the vehicle, the Lucid owner highlighted several of the features he is fond of in the Air, such as its tactile controls, as well as some things he wishes were improved, such as its software and audio system. 

Yet when it came to the drag strip, the Lucid Air Dream Edition Performance did not disappoint. With Launch Mode enabled, the Air attacked the quarter-mile without hesitation. Ultimately, the first test of the Lucid Air Dream Edition Performance showed that the vehicle showcased a 0-60 mph time of 2.93 seconds and a quarter-mile time of 10.21 seconds. The vehicle’s trap speed was also very impressive at 143.37 mph. 

Credit: DragTimes/YouTube

With such results, the Lucid Air Dream Edition seems very close to the Porsche Taycan Turbo S’ quarter-mile time, which stands at 10.48 seconds. The Lucid Air Dream Edition Performance’s trap speed is significantly quicker than the Taycan Turbo S,’ however, as the luxury sedan had a trap speed of 143.37 mph while the all-electric Porsche finished the quarter-mile in 131.8 mph, as per MotorTrend‘s tests.

Interestingly enough, the Lucid Air Dream Edition Performance showed slightly better 0-60 mph and quarter-mile times as it was tested further. In its third test, for example, the all-electric luxury sedan’s 0-60 mph dropped to 2.88 seconds, which is closer to the 2.5 seconds estimated by Lucid. Its quarter-mile time also improved to 10.04 seconds. Its trap speed took a dip, however, as the vehicle completed the quarter-mile while traveling at 142.59 mph. 

Watch the Lucid Air Dream Edition Performance get tested on the drag strip in the video below. 

Don’t hesitate to contact us with news tips. Just send a message to [email protected] to give us a heads up.

Lucid Air Dream Edition 0-60 mph, 1/4-mile performance gets real-world test






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