Lucid Motors (LCID) stock is falling today. This comes after a warning from Tesla CEO Elon Musk. He wants to cut Tesla's workforce ahead of economic turmoil. Source: Tada Images / Shutterstock Lucid Motors (NASDAQ: LCID) stock is slipping on Friday but not due to any news directly from the electric vehicle (EV) company.
Full Answer
Could lucid stock help you become a millionaire?
If you want to become a millionaire, the right path probably involves some collection of growth stocks with an attached set of risks. If you're well-diversified, the money you can make from stocks ...
Is lucid Group stock overvalued?
Lucid is the largest SPAC deal involving an EV startup. However, it might be a good time to pause and take a hard look at LCID. Its stock has run up over 265% since Churchill Capital infused $4.4 billion in total funding to LCID and it could be overvalued. As a result, I am bearish on the stock.
Why is everyone talking about lucid stock?
“Unilever seems to be labouring under the weight of a management which is obsessed with publicly displaying sustainability credentials at the expense of focusing on the fundamentals of the business,” wrote the head of Fundsmith Equity Fund, Terry Smith, earlier this month as quoted by the Financial Times.
Why is everyone talking about lucid Group stock?
Lucid Group (NASDAQ: LCID ... It's small wonder, then, that everyone's talking about Lucid stock right now. Lucid still has a long way to go, but 2022 could prove whether the company can make ...
Why is Lucid 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.
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.
What happen with Lucid stock?
Lucid lost 64 cents a share on revenue of $36.7 million. The company also updated 2022 production guidance. It's now forecasting 12,000-14,000 vehicles, vs. 20,000 earlier.
Will Lucid go back up?
From a financial perspective, Lucid reported cash and equivalents of $6.2 billion as of December 2021. The financial flexibility will allow the company to pursue an aggressive production ramp-up. Coming back to concerns, Lucid guided in July 2021 that the company would deliver 20,000 vehicles in 2022.
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.
How high can Lucid stock go?
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.
Can Lucid stock recover?
Despite a rough start to 2022, the group has rolled out what I think are excellent plans. And these could once again spike investor interest in Lucid Motors' stock. After a successful launch and response of Lucid Air, in 2021, the business expects to roll out its Gravity performance luxury SUV in 2023.
Does Lucid have a future?
Lucid claims to have sufficient capital to keep factories operating through 2022 and meet the production goals of 20,000 cars in 2022 and 50,000 vehicles in 2023. Based on hopes for the future, investors in Lucid have endowed the company with a market capitalization that rivals that of the Ford Motor Company.
What is the forecast for Lucid stock?
Stock Price Forecast The 4 analysts offering 12-month price forecasts for Lucid Group Inc have a median target of 33.00, with a high estimate of 43.00 and a low estimate of 12.00. The median estimate represents a +112.36% increase from the last price of 15.54.
What will Lucid stock be worth in 2030?
about $540 billionIf Lucid hits its growth targets and also trades at 12 times sales in 2030, it would be worth about $540 billion -- which would broadly miss the trillion-dollar mark, but still make it one of the world's most valuable automakers.
Is Lucid undervalued?
Lucid announced a new purchase agreement with the government of Saudi Arabia yesterday. The firm's reservation book effectively increased by a factor of 5X. Lucid is now massively undervalued.
Is Lucid a good long term stock?
Positive Growth Catalyst There are near-term headwinds for the electric vehicle industry. However, the long-term outlook remains positive as countries look to reduce dependence on fossil fuel. With a cash buffer of $5.4 billion, Lucid is well positioned to finance growth over the next 12 to 18 months.
What is the future of Lucid stock?
Data source: Lucid. But between 2026 and 2030, Lucid expects to double its annual shipments to 500,000....Swinging for a home run by 2030.Model2025 Shipments2026 ShipmentsGravity86,000134,000New Model7,000-8,00075,000Total Shipments135,000251,000Target Revenue$14.0 billion$22.8 billion1 more row•Apr 23, 2022
What is a good price for Lucid stock?
Performance OutlookPrevious Close15.55Bid15.89 x 1800Ask15.90 x 800Day's Range15.61 - 16.2752 Week Range13.25 - 57.753 more rows
Is NIO a good stock to buy?
Seeking Alpha's quant system has rated NIO stock as a “Sell” with a low score of 1.61, but the consensus price target by Wall Street analysts has NIO with an upside of 172%.
Will Lucid Motors go public?
Lucid Motors will be going public through a SPAC merger with Michael Klein's Churchill Capital Corp IV (NYSE: CCIV) on July 23. As this is a SPAC IPO, you can purchase shares of CCIV now, which will convert to LCID on the Nasdaq after the merger is completed.
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
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 ."
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Why is Lucid Motors stock going down?
Lucid Motors stock is now down almost 16 percent from its post-merger highs. There has been a commensurate fall in other EV stocks and Tesla is up over the period. While Chinese EV names like NIO and Xpeng Motors have slumped this week, it has more to do with China’s crackdown on tech companies and the resultant crash in Chinese stocks listed on U.S. markets.
Is Tesla a success?
While we might hate or love Musk, one aspect is undeniable. Tesla has reached its current level of success because of Musk . On a broader level, Tesla’s soaring market cap nudged automakers to take the electric car industry seriously.
Will Lucid Motors be the next Tesla?
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.
Is Lucid Motors stock overvalued?
Lucid Motors is the most valuable EV startup that's in the pre-revenue stage. Nikola and Fisker have a market cap of below $5 billion. Nikola’s deliveries are also expected in 2021—like Lucid Motors. Even if we apply a valuation discount to Nikola for the multiples issues that it's grappling with, the valuation gap looks astonishing.
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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Why is Lucid Motors stock under pressure?
The stock was under pressure because a lockup period expired for some of the electric vehicle company's big investors.
Who is the CEO of Lucid Motors?
Lucid Motors is seen as a potentially formidable player in the electric luxury sedan space. The company's CEO and CTO Peter Rawlinson was the chief engineer at Tesla ( TSLA) for the model S prior to joining Lucid in 2013.
Which companies have the potential to make their early shareholders rich?
Bionano Genomics, BioCryst Pharmaceuticals, and NRx Pharmaceuticals all have the potential to make their early shareholders rich.
What stock rose after Elon Musk's order?
The Dow Jones rallied as Apple stock rose. Tesla stock jumped after CEO Elon Musk issued an order. Twitter stock reversed after Jack Dorsey quit.
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What happened
Electric car start-up Lucid Group ( LCID 4.23% ) stock stumbled in late-afternoon trading on Wednesday, closing the session down by 5.8%.
So what
Wednesday's sell-off appeared to be a response to two pieces of news. First, the Federal Reserve confirmed in a statement released this afternoon that, "with inflation well above 2% and a strong labor market," it is, in fact, likely to raise benchmark interest rates -- probably as soon as March.
Now what
Then there was that second piece of news. On Wednesday afternoon, Bloomberg reported that Rivian Automotive ( RIVN -0.44% ) is ramping up production of its electric trucks.
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