Could lucid stock help you become a millionaire?
Apr 14, 2022 · As of 2:27 p.m. ET, Lucid stock was trading down 4.3% on the day at $21.10 per share. So what Today's drop parallels a decline in the tech-heavy Nasdaq Composite Index .
Is lucid Group stock overvalued?
Feb 18, 2022 · Lucid Group ( LCID-4.00%) 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 ...
Why is everyone talking about lucid stock?
Dec 28, 2021 · The stock of highly followed electric vehicle maker Lucid Group ( LCID -3.35% ) has been in decline over the last week, even without any specific news from the company. That trend continued today ...
Why is everyone talking about lucid Group stock?
Jan 18, 2022 · Why is Lucid tumbling today? My strong suspicion is that it's because of an article that appeared on automotive news site TorqueNews.com -- the same site that reported the original Apple-Lucid...
Why is lucid Motors stock dropping?
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.Mar 29, 2022
What is wrong with Lucid stock?
Lucid Motors reported fourth-quarter and full-year results at the start of the week, which unfortunately caused the stock to drop 15% after earnings were announced. The stock of Lucid Motors fell sharply as a result of the electric-vehicle company lowering its production target for 2022.Mar 3, 2022
Is Lucid a good stock to buy right now?
Lucid Motors stock is a promising long-term EV stock that started deliveries of its first electric vehicle in late Oct. 2021. Shares of Lucid Motors are more than 60% off their 52-week high and not at a proper buy point, so the stock is not a buy right now.Apr 7, 2022
Is Lucid overvalued?
Lucid Group (NASDAQ:LCID) stock once traded as high as $57, but it has been struggling for some time. It trades today at something closer to $22. There are several reasons for the dip and I think the stock will continue the downward journey in the short term.Mar 15, 2022
Is Lucid Motors better than Tesla?
The company is hyping up the car's smooth ride, sleek design, and impressive technology. Their batteries have the same, maybe better quality than Teslas and will be capable of 4.5 miles per kWh, lasting longer than Tesla's 4 miles per kWh. Lucid Air sedans will roll out sometime in 2021, so stay tuned.
Can I buy stock in lucid air?
, you can buy Lucid Motors stock in any dollar amount, or any other fund or stock you know on Stash.
What will Lucid stock be worth in 5 years?
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. Retail traders have long been drawn to EV stocks, and several have gone public with a blank-check vehicle known as a SPAC – a move that attracts even more retail traders.Mar 16, 2022
How many cars will Lucid produce in 2022?
between 12,000 and 14,000 vehiclesThe production target for 2022 is now between 12,000 and 14,000 vehicles, down from its previous goal of 20,000, Lucid said in a statement. The California-based startup also revealed that it missed its delivery target for 2021, handing over 125 cars to customers.Mar 1, 2022
Why did Lucid stock go up?
What happened. Shares of electric-vehicle (EV) maker Lucid Group ( LCID -2.91% ) took off Monday morning, a week after the company provided its financial and operational update to investors. The stock popped about 8% as the market opened, and shares remained up 5% as of 11:32 a.m. ET.Mar 7, 2022
Is Lucid a buy sell or hold?
The Lucid Group Inc stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock.
Has Lucid sold any cars?
The Company's Q4 revenue was $26.4 million , including $21.3 million from initial deliveries of its innovative Lucid Air Dream Edition, which began in October. Lucid delivered 125 cars to customers in the fourth quarter, with total production exceeding 400 vehicles to date and over 300 deliveries to customers.Feb 28, 2022
Morgan Stanley seems to think Lucid will "miss" earnings this month
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
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.
Key Points
While Lucid shares have been dropping, other domestic EV maker shares have moved the other way.
NASDAQ: LCID
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What happened
The stock of highly followed electric vehicle maker Lucid Group ( LCID -5.41% ) has been in decline over the last week, even without any specific news from the company. That trend continued today as shares were down 4.5% as of 2:13 p.m. ET.
So what
There are several reasons that might explain why investors have been selling Lucid. It has a market capitalization of more than $63 billion and hasn't even shipped 1,000 vehicles yet. But there are other low- or pre-revenue EV names that are also extremely highly valued by traditional metrics.
Now what
Now, there are also explanations for why Tesla and Rivian stocks have moved higher recently. Tesla CEO Elon Musk finalized his stretch of stock sales, which may have marked a reversal in those shares.
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What happened
Rumors that Apple ( AAPL -1.86% ) might hire electric car start-up Lucid Group ( LCID -3.23% ) to build it an Apple-branded electric car sparked a rally in Lucid stock Friday.
So what
Why is Lucid tumbling today? My strong suspicion is that it's because of an article that appeared on automotive news site TorqueNews.com -- the same site that reported the original Apple-Lucid rumor -- over the weekend.
NASDAQ: LCID
The second article also mentioned something that is more fact than speculation: that tomorrow, Jan. 19, "approximately 1.2 Billion shares of Lucid Motors are about to unlock" and become available for sale to the public.
Now what
Torque says that this tidal wave of Lucid shares could cause the stock to become "very volatile" -- another fact that wasn't mentioned in the original article -- before speculating further that adding new shares to Lucid's float might actually create a "short squeeze."
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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.
