1 Overlooked Potential Catalyst for Lucid
Lucid Group (NASDAQ: LCID) has been on a hot streak of late with five consecutive quarters of record deliveries, and it might have an overlooked catalyst that came to the surface recently: tariffs. Unless you found a rock to hide under, however tempting that may be, you couldn't miss the wave after wave of tariffs, updates, retaliatory measures, deals, and truces that have recently taken place.While Trump administration tariffs may negatively impact Lucid, potential tariffs elsewhere could be a huge win. Here's why.What you probably already know is that Lucid is massively backed up by Saudi Arabia's Public Investment Fund (PIF), which holds a more than 60% stake in the electric vehicle (EV) maker. In fact, the PIF is Lucid's top shareholder. What you might not know is that Saudi Arabia imports nearly every car, because only one automaker selling vehicles in the country assembles them there -- and that automaker is Lucid. Continue reading
Lucid Group (NASDAQ: LCID) has been on a hot streak of late with five consecutive quarters of record deliveries, and it might have an overlooked catalyst that came to the surface recently: tariffs. Unless you found a rock to hide under, however tempting that may be, you couldn't miss the wave after wave of tariffs, updates, retaliatory measures, deals, and truces that have recently taken place.
While Trump administration tariffs may negatively impact Lucid, potential tariffs elsewhere could be a huge win. Here's why.
What you probably already know is that Lucid is massively backed up by Saudi Arabia's Public Investment Fund (PIF), which holds a more than 60% stake in the electric vehicle (EV) maker. In fact, the PIF is Lucid's top shareholder. What you might not know is that Saudi Arabia imports nearly every car, because only one automaker selling vehicles in the country assembles them there -- and that automaker is Lucid.
