LCID

Lucid Group's stock has fallen 67% over the past 12 months amid persistent unprofitability, negative gross margins, and delays to its lower-cost vehicle lineup. The company has secured new funding from Uber and Saudi Arabia's sovereign wealth fund, but has yet to demonstrate a viable path to mass-market scale. The article positions Rivian as a preferable EV alternative to Lucid.

U.S. equities hit all-time highs Thursday, with the S&P 500 rising 0.2% to 7,038.57 and the Nasdaq 100 gaining 0.6% for its 12th consecutive session of gains, driven by a Trump-brokered 10-day Israel-Lebanon ceasefire. WTI crude surged 2.5% to $93.58 after Iran passed legislation to impose tolls on Hormuz Strait traffic. Healthcare stocks underperformed following weak guidance from Abbott Laboratories, while energy and technology sectors led the broader advance.