- NASDAQ: LCID gained 1.96% during Friday’s trading session.
- Rumors are surfacing about a Lucid-Apple relationship for the Apple Car.
- Tesla confirms Cybertruck's delay and begins to accept Dogecoin.
NASDAQ: LCID appeared to be heading for another flat trading day on Friday until a veiled article caused a sudden jolt during intraday trading. Shares of Lucid gained 1.96% on Friday and closed the last trading session of the week at $42.22. It was another mixed session to say the least as value stocks plummeted causing the Dow Jones to fall by 201 basis points to be the only major index in the red. The S&P 500 eked out a minimal gain while the NASDAQ managed to rebound from Thursday’s tech sell off and post a gain of 0.59%.
Stay up to speed with hot stocks' news!
The main news that caused the jump in Lucid’s stock price was an article published by the site TorqueNews.com that hinted at a potential partnership with Apple (NASDAQ: AAPL). The tech giant has been searching for a partner to create its Apple Car, and for some reason it seems like TorqueNews.com believes Lucid to be a frontrunner. Other companies that have been linked to Apple’s electric vehicle project are Hyundai and BMW. Neither company has commented on the link so this could just be an article looking for traffic. Either way, it seems to have had a significant impact on the stock during Friday’s session.
Lucid Motors stock forecast
In other EV news, industry leader Tesla (NASDAQ: TSLA) gained 1.75% on Friday after a couple of new headlines from the company. First, CEO Elon Musk tweeted that Tesla would be accepting DogeCoin as payment for Tesla merchandise at its online store. Second, in a headline that is more damning to its stock, Tesla reported that it is delaying initial Cybertruck production until 2023, which now puts the project about four years behind schedule.
Like this article? Help us with some feedback by answering this survey:
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD: Momentum favours further gains
In line with the broad recovery in the risk-linked complex, AUD/USD left behind a two-day negative streak and resumed its uptrend towards the 0.6400 region, always on the back of the resurgence of quite a strong downside pressure hitting the US Dollar on Thursday.
EUR/USD: Extra advances appear in the pipeline Premium
EUR/USD followed the widespread improved sentiment in the risk-linked galaxy and managed to set aside two daily drops in a row and refocus on the upper end of its recent range around the 1.1400 zone on Thursday.
Gold sticks to the bullish stance near $3,330
On Thursday, gold regained lost ground after two consecutive days of declines, with XAU/USD climbing back toward $3,300 per troy ounce following an earlier rally to roughly $3,370. The metal drew safe-haven buying as renewed fears of a US–China trade flare-up weighed on broader markets.
Crypto Today: SUI and Trump token in profit, BTC price fails $95K test amid rumours of lower China tariff
The cryptocurrency market capitalization dips below $3 trillion on Thursday, retreating 3.5% from the 50-day peak of $3.2 trillion recorded earlier this week.
Five fundamentals for the week: Traders confront the trade war, important surveys, key Fed speech Premium
Will the US strike a trade deal with Japan? That would be positive progress. However, recent developments are not that positive, and there's only one certainty: headlines will dominate markets. Fresh US economic data is also of interest.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.