Lithium Stocks List: 5 Biggest Lithium Stocks

In this article, we will be taking a look at the 5 biggest lithium stocks to invest in. To go through our detailed analysis of the lithium and battery industry, you can go directly to see the Lithium Stocks List: 16 Biggest Lithium Stocks.

5. Lucid Group, Inc. (NASDAQ:LCID)

Market Capitalization as of September 29: $12.76 billion

Lucid Group, Inc. (NASDAQ:LCID) is an American manufacturer of electric luxury sports cars and grand tourers headquartered in Newark, California. It supplies electric vehicles (EVs) with lithium-ion batteries, among more.

Lucid Group, Inc. (NASDAQ:LCID) did not meet the expected earnings for the second quarter of 2023 and fell short of analysts’ estimates for both earnings and revenue. Nevertheless, the company experienced a 55% year-over-year increase in Q2 revenue and substantially increased its car deliveries, reaching 1,404 units, which was more than double the 679 units delivered in Q2 2022. The management of Lucid Group, Inc. (NASDAQ:LCID) remains optimistic about their production targets, aiming to manufacture 10,000 vehicles in 2023, a notable increase from the 7,180 vehicles produced in 2022.

Lucid Group Inc. (NASDAQ:LCID) was seen in the 13F holdings of 18 hedge funds at the end of the second quarter. Their total stake value in the company was $98.8 million. This is compared to 16 hedge funds in the prior quarter with stakes worth $21.7 million.