Why scarce automobile supply will not lift lucid Group stock?
· The stock of highly followed electric vehicle maker Lucid Group ( LCID -13.10%) has been in decline over the last week, even without any specific news from the company. That trend continued today ...
Is it too late to buy lucid stock?
· Lucid Motors is down due to the missed production targets and LCID stock is best avoided at the current level.
Could lucid stock help you become a millionaire?
· Shares of electric-vehicle maker Lucid Group ( LCID -5.41%) opened sharply lower on Monday after the company disclosed in a regulatory filing that it received a subpoena for documents from the U.S...
Why is everyone talking about lucid stock?
· Electric car stock Lucid Group (LCID 10.46%) fell for a third straight day on Tuesday, down 4.7% as of 1:45 p.m. ET. ... Why Lucid Group Stock Is Falling Today. 2 Top EV Stocks Ready for a Bull Run.
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· Since the macro environment has been supportive, the only reason we can attribute to the fall in Lucid Motors stock is its high valuation. Despite having slumped, it still commands a market cap of...
Why are Lucid shares falling?
Summary. Lucid stock fell over -30% year-to-date in 2022; its Q4 2021 revenue and 2022 production guidance didn't meet market expectations, and investors seem to prefer established automakers over startups now.
What is wrong with Lucid stock?
As the electric vehicle bubble pops, Lucid Group (NASDAQ:LCID) stock is too risky to hold at the moment after the company lowered production forecasts for 2022.
Is Lucid a good stock to buy right now?
The Lucid story is exciting, and you might think it is time to buy the dip with the stock down around 50% just this year. But make no mistake, this is still a highly speculative investment at a nosebleed price. In 2021, Lucid Group had an operating loss of $1.5 billion on revenue of just $27 million.
Will Lucid stock go up?
The LCID stock price can go up to 58.121 USD in one year. The LCID (“LCID” ) future stock price will be 119.160 USD in 5 years. The long-term earning potential is +7.44% in one year.
Will Lucid Motors survive?
Lucid Motors (NASDAQ:LCID) will not grow as quickly as expected, based on the fact that the electric-vehicle manufacturer reduced its production target for 2022.
Is Lucid Motors going to be successful?
Lucid Group is a 3 division company that ranges from Electric Vehicles, Technology and Renewable Energy. Lucid's Energy Storage System could actually become more profitable than its auto sales by 2030. That would be over $22.8 Billion in 2030 just based on their renewable energy division.
Is Lucid better than Tesla?
Lucid wins in looks, Tesla wins in performance One area where Lucid fell behind Tesla was speed. The Lucid Air's 800-horsepower iteration reached a top quarter-mile speed of 103.1 mph, which is faster than every EV on the market—save for the Tesla Model S Plaid and Porsche Taycan Turbo S.
Who is buying lucid stock?
Lucid stock is up about 6.5% in premarket trading. The government of Saudi Arabia is going to buy up to 100,000 Lucid (ticker: LCID) EVs over the next 10 years. The initial commitment is for 50,000 with an option to purchase 50,000 more.
Why should I invest in Lucid?
High Efficiency and Range On technical details, the company has earned high marks. The Environmental Protection Agency rates the Air Dream at a range of 520 miles on a single charge. This is the longest range of any commercially available electric vehicle.
Does Lucid have a future?
Lucid also pushed back the upcoming launch of its Gravity SUV from 2023 to the first half of 2024. That delay raises questions regarding Lucid's ambitious long-term plans to deliver 500,000 vehicles by 2030.
Is Lucid a Buy Sell or Hold?
Lucid Group has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 2 hold ratings, and 1 sell rating.
Is Lucid the next Tesla?
It is not that Lucid can't be Tesla-like in the future when it comes to production. However, many non-Tesla supporters fail to separate some of the things that make Tesla unique. For starters, it has Elon Musk, who seems to carry a premium with him.
What happened
Electric car stock Lucid Group ( LCID -5.63% ) fell for a third straight day on Tuesday, down 4.7% as of 1:45 p.m. ET.
So what
This morning, Lucid began contacting owners of its first batch of delivered Lucid Air luxury electric cars to advise them of an impending recall, reports Teslarati.
Now what
Lucid has only been delivering Airs for about four months, and it's already run into its first recall.
NASDAQ: TSLA
Whatever other reasons you might have for thinking Lucid Group stock is overvalued, an announcement that two cars are going to need some mechanical work really doesn't sound like a big deal to me.
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Why did Lucid Motors stock fall?
Since the macro environment has been supportive, the only reason we can attribute to the fall in Lucid Motors stock is its high valuation. Despite having slumped, it still commands a market cap of around $38 billion. The valuation is higher than that of Xpeng Motors, which has been producing and delivering cars.
Who is the CEO of Lucid Motors?
Many people are speculating whether Lucid Motors would be the next Tesla. Even Lucid Motors CEO Peter Rawlinson sees the EV industry as a two-horse race between itself and Tesla.
Is SOFI stock the same as LCID?
So far, SOFI and LCID are both following the same trajectory. The stocks gained sharply on the merger date but have looked weak since then. SOFI stock has continued to slump and now trades near the $15 price level. The stock had its moment when it was targeted by the Reddit group WallStreetBets. However, like all Reddit names, it has crashed after the initial euphoria.
What happened
Lucid Group (NASDAQ: LCID) stock crashed in Friday afternoon trading, falling 5.7% through 3:25 p.m. ET after a note from Morgan Stanley (MS) suggested Lucid could "miss" its target for deliveries in the fourth quarter.
So what
Lucid Group is scheduled to report its Q4 2021 financial results on Monday, Feb. 28. Most analysts are forecasting Lucid will report $36.7 million in Q4 revenues and a $0.35 per share loss (with revenues of $61 million and losses of $1.42 per share for the year).
Now what
Morgan Stanley may not think investors will be upset if Lucid misses guidance in Q4, but the banker's apparent assumption that such a miss is inevitable actually does seem to be upsetting investors today.
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What happened
Lucid Group (NASDAQ: LCID) stock was down 4.7% as of 1:15 p.m. ET Tuesday, despite riding higher Monday on a monster day for Tesla (NASDAQ: TSLA).
So what
On Monday Tesla announced that it delivered 308,600 electric vehicles in the fourth quarter of 2021, and 936,172 EVs in all of 2021, crushing analyst predictions on both counts. And while that might sound like pretty good news for the popularity of EV stocks in general, it might actually only be good news for Tesla stock in particular.
Now what
In contrast, Tesla is both growing production and earning a profit while doing it -- so much profit, in fact, that Elon Musk says he doesn't even need government subsidies anymore, and that " all subsidies should be eliminated ."
The Motley Fool
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community.