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BTCC / BTCC Square / Global Cryptocurrency /
Lucid (LCID) Stock Surges on Tudor’s $1.36B Investment and Citi’s Bullish Initiation

Lucid (LCID) Stock Surges on Tudor’s $1.36B Investment and Citi’s Bullish Initiation

Author:
Global Cryptocurrency
Published:
2026-03-19 21:38:02
15
1
BTCCSquare news:

Tudor Investment Corp. has made a decisive bet on Lucid Group, acquiring 57.25 million shares worth approximately $1.36 billion, securing a 17.66% stake in the electric vehicle maker. This positions Tudor as Lucid's largest institutional investor, with LCID now representing 0.8% of its portfolio.

Citi has bolstered confidence in Lucid, initiating coverage with a Buy rating and a $17 price target—only the second bullish Wall Street endorsement. Analyst Michael Ward projects revenue will surge from $1.4 billion in 2025 to $9.2 billion by 2028, driven by new lower-cost models. Despite this optimism, the broader Street remains cautious, maintaining a "Reduce" consensus with a $13.14 average target amid concerns over cash burn and debt.

Institutional interest is growing beyond Tudor, with Rockefeller Capital Management increasing its stake by 11.1% in Q2 and firms like Highbridge Capital Management opening new positions. Institutional ownership now stands at 75.17%. LCID opened at $9.95, significantly below its 12-month high of $33.70, reflecting both skepticism and opportunity.

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