Coatue Management Sells Tech Stocks, Buys Lucid Group
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: Fool
- Selling Tech Giants: Coatue Management completely sold its Oracle stake in Q1 due to risks associated with OpenAI's unmet revenue targets, while also trimming its Tesla holdings by 96%, reflecting concerns over the electric vehicle market, especially following CEO Elon Musk's cautious stance on the robotaxi rollout.
- Nvidia Stake Adjustment: The fund reduced its Nvidia stake by 31% in Q1, despite the company's strong earnings and guidance, indicating that doubts about the AI sector may impact its stock price, suggesting a shift in market sentiment towards AI valuations.
- Buying Lucid Group: Coatue initiated a new position in Lucid Group by acquiring over 295,300 shares valued at $2.8 million in Q1, despite the stock being down 94% since its 2020 IPO, with analysts suggesting an impending inflection point that could attract renewed investor interest.
- Renewable Energy Investments: The firm also purchased several renewable-themed stocks in Q1, indicating a strategic focus on this sector, particularly in light of geopolitical tensions that may prompt U.S. investors to reassess the importance of renewables for national security.
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Analyst Views on LCID
Wall Street analysts forecast LCID stock price to rise
6 Analyst Rating
1 Buy
4 Hold
1 Sell
Hold
Current: 6.460
Low
10.00
Averages
17.00
High
30.00
Current: 6.460
Low
10.00
Averages
17.00
High
30.00
About LCID
Lucid Group, Inc. is a technology company, which designs, engineers, and manufactures electric vehicles (EVs), EV powertrains, and battery systems in-house using its equipment and factories. It sells vehicles directly to consumers through its retail sales network and through online channels. Its vehicles include Lucid Air and Lucid Gravity. Lucid Air is an advanced sedan, featuring powertrain technology. It offers 420 miles of Environmental Protection Agency (EPA)-estimated range, with an 84-kWh battery pack. The Lucid Air Sapphire is the highest-performance version of the Lucid Air, boasting 1,234 horsepower from three motors, 427 miles of an EPA-estimated range. The Lucid Gravity provides the interior space and practicality of a full-size sport utility vehicle (SUV) within the exterior footprint of a mid-size SUV. It provides space for up to seven adults. It has engineered the Lucid Gravity Grand Touring to deliver up to 450 miles of EPA-estimated range.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Rivian Automotive Stock Rises 7.11% Driven by R2 SUV Launch Confirmation
- New Vehicle Launch Confirmation: Rivian confirmed the launch of the R2 SUV on June 9, propelling the stock price up 7.24% to $16.3, indicating strong market anticipation that could enhance the company's future financial performance.
- Surge in Trading Volume: Trading volume reached 56.6 million shares, nearly double the three-month average, reflecting a significant increase in investor interest in Rivian, potentially laying the groundwork for further stock price appreciation.
- Optimistic Future Outlook: Rivian's R2 model is expected to have a range of 330 miles with a starting price of approximately $58,000, with production costs projected to be half that of the R1 model, which could significantly boost the company's profitability if successfully launched.
- Market Competition Analysis: Rivian's performance outpaced Tesla and Lucid in the electric vehicle market, demonstrating confidence ahead of the new model launch, which may attract more investor attention to its future growth prospects.
See More
Rivian Automotive Stock Rises 7.24% on R2 SUV Launch Confirmation
- Stock Surge: Rivian Automotive's stock closed at $16.3 on Friday, up 7.24%, primarily driven by the confirmation of the R2 SUV launch on June 9, indicating strong market anticipation for the new model.
- Volume Spike: The trading volume reached 56.6 million shares on Friday, nearly double the three-month average of 28.4 million shares, reflecting a significant increase in investor interest regarding Rivian's future developments.
- New Model Outlook: Rivian confirmed that order invitations will be sent to reservation holders on June 9, with demo drives starting, and the first available model being the Performance trim, estimated to have a range of 330 miles and a starting price of about $58,000, which is expected to be a profitable venture for the company.
- Competitive Market Pressure: Despite Rivian's strong stock performance, analysts noted that the Motley Fool's Stock Advisor team did not include it in their list of top investment stocks, reflecting a cautious outlook on its long-term growth potential.
See More
Rivian Confirms R2 SUV Launch, Stock Rises
- Stock Surge: Rivian Automotive's stock closed at $16.3 on Friday, up 7.24%, primarily driven by the confirmation of the R2 SUV launch on June 9, indicating strong market anticipation for the new model.
- Surge in Trading Volume: The trading volume reached 56.6 million shares, about twice the three-month average of 28.4 million shares, reflecting a significant increase in investor interest, which may signal further stock price volatility ahead.
- R2 SUV Outlook: Rivian confirmed that order invitations will be sent to reservation holders on June 9, with demo drives commencing, and the first model, the Performance trim, is expected to have a range of 330 miles and a starting price of approximately $58,000, likely generating substantial profits for the company.
- Competitive Market Pressure: Despite the upcoming R2 SUV launch, analysts noted that the Motley Fool's Stock Advisor team did not include Rivian among the current best stocks to buy, indicating a cautious outlook on its long-term performance in a competitive market.
See More
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- Revenue Growth: Despite the ongoing price war, Nio's sales revenue reached 22.783 billion yuan (approximately $3.3 billion), up 129.2% year-over-year, indicating the company's strong pricing power and market positioning.
- Margin Improvement: Nio's gross margin for Q1 hit 19%, a significant increase from 7.6% in the same quarter of 2025, reflecting successful cost control and operational efficiency.
- Positive Adjusted Profit: Excluding share-based compensation, Nio reported an adjusted operating profit of 66.8 million yuan (about $9.7 million) in Q1, a stark contrast to the 5.95 billion yuan loss in Q1 2025, showcasing a remarkable turnaround in financial health.
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- Revenue Surge: Despite the ongoing price war, Nio's sales revenue increased by 129.2% to 22.783 billion yuan (approximately $3.3 billion) during the same period, demonstrating the company's impressive pricing power and enhancing its competitive position in the market.
- Margin Improvement: Nio's vehicle margin reached nearly 19% in Q1, significantly up from 10.2% in the prior year, reflecting improved cost control and supporting an overall gross margin increase to 19%, showcasing a marked enhancement in profitability.
- Positive Operating Profit: Excluding share-based compensation expenses, Nio reported an adjusted operating profit of 66.8 million yuan (about $9.7 million) in Q1, a stark contrast to the 5.95 billion yuan ($876 million) loss in Q1 2025, indicating a significant turnaround in the company's financial health.
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Coatue Management Sells Tech Stocks, Buys Lucid Group
- Selling Tech Giants: Coatue Management completely sold its Oracle stake in Q1 due to risks associated with OpenAI's unmet revenue targets, while also trimming its Tesla holdings by 96%, reflecting concerns over the electric vehicle market, especially following CEO Elon Musk's cautious stance on the robotaxi rollout.
- Nvidia Stake Adjustment: The fund reduced its Nvidia stake by 31% in Q1, despite the company's strong earnings and guidance, indicating that doubts about the AI sector may impact its stock price, suggesting a shift in market sentiment towards AI valuations.
- Buying Lucid Group: Coatue initiated a new position in Lucid Group by acquiring over 295,300 shares valued at $2.8 million in Q1, despite the stock being down 94% since its 2020 IPO, with analysts suggesting an impending inflection point that could attract renewed investor interest.
- Renewable Energy Investments: The firm also purchased several renewable-themed stocks in Q1, indicating a strategic focus on this sector, particularly in light of geopolitical tensions that may prompt U.S. investors to reassess the importance of renewables for national security.
See More
Rivian Automotive Stock Rises 7.11% Driven by R2 SUV Launch Confirmation
- New Vehicle Launch Confirmation: Rivian confirmed the launch of the R2 SUV on June 9, propelling the stock price up 7.24% to $16.3, indicating strong market anticipation that could enhance the company's future financial performance.
- Surge in Trading Volume: Trading volume reached 56.6 million shares, nearly double the three-month average, reflecting a significant increase in investor interest in Rivian, potentially laying the groundwork for further stock price appreciation.
- Optimistic Future Outlook: Rivian's R2 model is expected to have a range of 330 miles with a starting price of approximately $58,000, with production costs projected to be half that of the R1 model, which could significantly boost the company's profitability if successfully launched.
- Market Competition Analysis: Rivian's performance outpaced Tesla and Lucid in the electric vehicle market, demonstrating confidence ahead of the new model launch, which may attract more investor attention to its future growth prospects.
See More
Rivian Automotive Stock Rises 7.24% on R2 SUV Launch Confirmation
- Stock Surge: Rivian Automotive's stock closed at $16.3 on Friday, up 7.24%, primarily driven by the confirmation of the R2 SUV launch on June 9, indicating strong market anticipation for the new model.
- Volume Spike: The trading volume reached 56.6 million shares on Friday, nearly double the three-month average of 28.4 million shares, reflecting a significant increase in investor interest regarding Rivian's future developments.
- New Model Outlook: Rivian confirmed that order invitations will be sent to reservation holders on June 9, with demo drives starting, and the first available model being the Performance trim, estimated to have a range of 330 miles and a starting price of about $58,000, which is expected to be a profitable venture for the company.
- Competitive Market Pressure: Despite Rivian's strong stock performance, analysts noted that the Motley Fool's Stock Advisor team did not include it in their list of top investment stocks, reflecting a cautious outlook on its long-term growth potential.
See More
Rivian Confirms R2 SUV Launch, Stock Rises
- Stock Surge: Rivian Automotive's stock closed at $16.3 on Friday, up 7.24%, primarily driven by the confirmation of the R2 SUV launch on June 9, indicating strong market anticipation for the new model.
- Surge in Trading Volume: The trading volume reached 56.6 million shares, about twice the three-month average of 28.4 million shares, reflecting a significant increase in investor interest, which may signal further stock price volatility ahead.
- R2 SUV Outlook: Rivian confirmed that order invitations will be sent to reservation holders on June 9, with demo drives commencing, and the first model, the Performance trim, is expected to have a range of 330 miles and a starting price of approximately $58,000, likely generating substantial profits for the company.
- Competitive Market Pressure: Despite the upcoming R2 SUV launch, analysts noted that the Motley Fool's Stock Advisor team did not include Rivian among the current best stocks to buy, indicating a cautious outlook on its long-term performance in a competitive market.
See More
Nio's Q1 Performance Shows Significant Turnaround
- Surge in Deliveries: Nio delivered 83,465 electric vehicles in Q1 2026, marking a 98.3% year-over-year increase, demonstrating strong market demand and a solid customer base despite fierce competition.
- Revenue Growth: Despite the ongoing price war, Nio's sales revenue reached 22.783 billion yuan (approximately $3.3 billion), up 129.2% year-over-year, indicating the company's strong pricing power and market positioning.
- Margin Improvement: Nio's gross margin for Q1 hit 19%, a significant increase from 7.6% in the same quarter of 2025, reflecting successful cost control and operational efficiency.
- Positive Adjusted Profit: Excluding share-based compensation, Nio reported an adjusted operating profit of 66.8 million yuan (about $9.7 million) in Q1, a stark contrast to the 5.95 billion yuan loss in Q1 2025, showcasing a remarkable turnaround in financial health.
See More
Nio Maintains Profitability Amid Price War
- Significant Delivery Growth: Nio achieved vehicle deliveries of 83,465 in Q1 2026, representing a 98.3% year-over-year increase, indicating strong market demand and a solid customer base in the fiercely competitive Chinese market, thereby laying the groundwork for sustained future growth.
- Revenue Surge: Despite the ongoing price war, Nio's sales revenue increased by 129.2% to 22.783 billion yuan (approximately $3.3 billion) during the same period, demonstrating the company's impressive pricing power and enhancing its competitive position in the market.
- Margin Improvement: Nio's vehicle margin reached nearly 19% in Q1, significantly up from 10.2% in the prior year, reflecting improved cost control and supporting an overall gross margin increase to 19%, showcasing a marked enhancement in profitability.
- Positive Operating Profit: Excluding share-based compensation expenses, Nio reported an adjusted operating profit of 66.8 million yuan (about $9.7 million) in Q1, a stark contrast to the 5.95 billion yuan ($876 million) loss in Q1 2025, indicating a significant turnaround in the company's financial health.
See More
Coatue Management Sells Tech Stocks, Buys Lucid Group
- Selling Tech Giants: Coatue Management completely sold its Oracle stake in Q1 due to risks associated with OpenAI's unmet revenue targets, while also trimming its Tesla holdings by 96%, reflecting concerns over the electric vehicle market, especially following CEO Elon Musk's cautious stance on the robotaxi rollout.
- Nvidia Stake Adjustment: The fund reduced its Nvidia stake by 31% in Q1, despite the company's strong earnings and guidance, indicating that doubts about the AI sector may impact its stock price, suggesting a shift in market sentiment towards AI valuations.
- Buying Lucid Group: Coatue initiated a new position in Lucid Group by acquiring over 295,300 shares valued at $2.8 million in Q1, despite the stock being down 94% since its 2020 IPO, with analysts suggesting an impending inflection point that could attract renewed investor interest.
- Renewable Energy Investments: The firm also purchased several renewable-themed stocks in Q1, indicating a strategic focus on this sector, particularly in light of geopolitical tensions that may prompt U.S. investors to reassess the importance of renewables for national security.
See More
