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Hyundai IPO listing: India's biggest ever IPO lists lower than issue price, brokerages issue buy rating

With a market cap of Rs 1,51,376.41 crore, Hyundai Motors India had opened for subscription between…

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2 mins read

IPO market braces for brief slowdown, 2 new issues targeting Rs 365 crore next week

New Delhi: The primary market will see a slowdown next week with only two IPOs, Garuda Construction…

PTI   


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Ford is returning to India, expresses intent to restart its Tamil Nadu plant for exports

After several reports about its return to India, popular American automaker Ford has expressed its …

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Stock market closing: Sensex, Nifty close the day in red, IT, metal, realty and oil and gas indices dip 1% each

Out of the 2,783 stocks traded during the day, 1,186 saw advances, while 1,528 declined and another…

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Lucid CEO says Chinese automakers are still 'years and years behind' Elon Musk's Tesla

Peter Rawlinson said Western car companies should not underestimate the ability of Chinese EV rival…

Tom Carter   


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Lucid executives say the company's stock has a long way to go but the EV maker could soon be valued like incumbent rivals

Lucid's market cap is roughly $87 billion as of Tuesday noon, surpassing Ford's $79 but still far b…

Isabelle Lee   


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Lucid is the Tesla of electric-vehicle startups, and the stock is set to soar nearly 60%, Bank of America says

Bank of America initiated coverage of Lucid Motors on Wednesday with a "buy" rating and price targe…

Emily Graffeo   


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Lucid Motors jumps as the luxury EV maker reports rising demand, backs 2022 production target

The Lucid Air model — the company's very first vehicle — also won the 2022 MotorTrend Car of the Ye…

Phil Rosen   


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Adani Green Energy Q4 net profit declines 39 pc to Rs 310 cr due to rising expenses

During the fourth quarter of FY24, the company's total income fell to Rs 2,806 crore from Rs 2,…

PTI   


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Tata Motors, Hero MotoCorp stocks slip after April sales disappoint; Maruti Suzuki, TVS Motor, Eicher Motors rise

Shares of automobile companies remained in focus on Tuesday after the April sales data of Tata Moto…

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Lucid Motors drops as luxury electric vehicle maker receives SEC subpoena

Lucid said the SEC investigation appears focused on the business combination between it and battery…

Carla Mozée   


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1 min read

Lucid climbs as excitement builds around the EV maker's 1st deliveries of its luxury Air sedan

Lucid confirmed customer deliveries will begin on October 30. It was the most mentioned stock in Re…

Isabelle Lee   


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Lucid jumps 9% as deliveries of its Air sedan begin and reviews suggest it's a formidable Tesla competitor

Lucid Group expects to deliver 20,000 vehicles next year and generate more than $2 billion in reven…

Matthew Fox   


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Lucid Motors slides after the Tesla rival says it will raise $3 billion, mostly from a Saudi Arabian fund

The EV maker said its biggest shareholder, the Saudi Public Investment Fund, will buy 265 million s…

Zahra Tayeb   


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4 mins read

Tata Motors in top gear, JLR to drive growth in FY24

Tata Motors is driving in top gear, thanks to a strong performance by its British subsidiary Jaguar…

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Lucid Motors drops 19% ahead of the EV maker's first share lockup expiration since SPAC merger

Wednesday is the first time some of Lucid's largest stakeholders can sell their shares in the stock…

Emily Graffeo   


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2 mins read

Chinese EV makers are being shut out of the US, so they're targeting Mexico and Brazil instead

China's Tesla rivals have had the door to the US EV market slammed in their faces — so they're turn…

Tom Carter   


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1 min read

Tesla rival Lucid jumps 16% as it begins production on its Air luxury electric sedan and says deliveries will start in October

Bank of America recently called Lucid the next Tesla or Ferrari of electric vehicle makers. Lucid's…

Carla Mozée   


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Lucid Motors spikes 20% in public debut as CEO says it's well-positioned to compete with Tesla

Lucid expects to deliver less than 1,000 of its Lucid Air model in 2021, and about 20,000 vehicles …

Matthew Fox   


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Forever working: Gadget plans to tap into your productivity while you sleep by inducing lucid dreaming

Startup company Prophetic is set to unveil the "Halo" device to induce lucid dreaming, Fortune repo…

Rebecca Rommen