DoorDash (DASH), MongoDB (MDB) gain on Nasdaq-100 addition
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
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- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Lucid (LCID) builds 800 EVs at Sudi training facility
December 13, 2023 2:39 PM ESTCalifornia-based Lucid Group (NASDAQ: LCID) revealed Wednesday that the electric vehicle maker has assembled nearly 800 EVs at the companys factory in Saudi Arabia since the locations opening in September. The factory is a teaching location, focused on training over 200 local employees.
Lucids Saudi factory was built with the initial capacity to produce 5,000 EVs a year after the Saudi government pledged to buy up to 100,000 vehicles from Lucid over 10 years.
"The car is fully built in... More
RBC Capital expects Lucid (LCID) to trade down following CFO departure
December 12, 2023 9:06 AM ESTElectric vehicle maker, Lucid Group (NASDAQ: LCID) announced Monday that CFO, Sherry House will be stepping down from her position effective immediately.
As of December 11, 2023, Gagan Dhingra, who currently serves as Lucid's Vice President of Accounting and Principal Accounting Officer, will assume the position of Lucid's interim Chief Financial Officer and Principal... More
Lucid (LCID) removed from Nasdaq-100, CFO resigns
December 11, 2023 4:52 PM ESTShares of American electric automaker, Lucid Group (NASDAQ: LCID) are down more than 4.2% after market close on Monday following an announcement that CFO, Sherry House will be stepping down from her position effective immediately.
Lucid stated that Ms. House's departure is unrelated to any disagreement with Lucid's independent auditors, the company's board of directors (referred to... More
