10 Most Active US Stocks to Buy According to Hedge Funds

7. Lucid Group Inc. (NASDAQ:LCID)

No of hedge fund holders: 24

Lucid Group Inc. (NASDAQ:LCID) is a technology-driven electric vehicle company specializing in the design, development, and manufacturing of EVs, powertrains, and battery systems.

On February 25, 2025, Lucid Group Inc. (NASDAQ:LCID) announced a major leadership transition, with Peter Rawlinson stepping down from his roles as CEO and CTO. He transitioned to Strategic Technical Advisor to the Chairman. Marc Winterhoff, the company’s Chief Operating Officer, has been named Interim CEO, while Lucid’s Board initiates a search for a permanent successor. This move comes as Lucid completes the launch of its Gravity SUV and prepares for its next phase of expansion, including the ramp-up of new midsize EV models and the development of its low-cost Atlas drive unit.

Lucid Group Inc. (NASDAQ:LCID) reported full-year 2024 revenue of $807.8 million. This reflects strong delivery growth of 71% year-over-year, with 10,241 vehicles delivered. Despite this growth, the company posted a GAAP net loss of $1.25 per share for the year, with a non-GAAP net loss of $1.04 per share, highlighting financial challenges. Total liquidity remains strong at $6.13 billion, providing a solid cash runway for expansion. Lucid met its 9,000-unit production guidance for 2024 and projects 2025 production to more than double to 20,000 vehicles.