Lucid Group Inc. (NASDAQ: LCID) is considered one of the best short squeeze stocks to buy right now. Benchmark recently lowered its price target for LCID from $70 to $30, despite maintaining a Buy rating. The company announced a $875 million senior unsecured convertible notes offering with a $100 million greenshoe option due in November 2031.

LCID plans to use the proceeds for general operations and to repurchase a significant portion of its 1.25% 2026 notes. The company reported a 68% year-over-year increase in revenue for Q3 2025, reaching $337 million. Despite this growth, Lucid’s adjusted EBITDA showed a $718 million loss.

Specializing in luxury electric cars, Lucid Group Inc. (NASDAQ: LCID) is known for its high-performance vehicles and advanced battery technology. The company shipped 4,078 vehicles in Q3, marking a 47% increase over the previous year.

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Read more at Yahoo Finance: Lucid Group (LCID) Q3 2025 Revenue Jumps 68% Despite $718M EBITDA Loss