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.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
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
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.
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 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.
What is the future of Lucid Motors?
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.Mar 11, 2022
Is Lucid stock expected to go up?
Stock Price Forecast The 4 analysts offering 12-month price forecasts for Lucid Group Inc have a median target of 45.00, with a high estimate of 50.00 and a low estimate of 12.00. The median estimate represents a +115.62% increase from the last price of 20.87.
Is Lucid undervalued?
Lucid Motors is significantly undervalued at $27.43.Feb 8, 2022
Will Lucid reach 100 dollars?
Lucid Motors is in line for a huge 2022. Lucid wants to massively expand globally and could be in line for a great short squeeze soon.Jan 6, 2022
Key Points
The SEC appears to be investigating the SPAC deal that took Lucid public.
NASDAQ: LCID
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What happened
Shares of electric-vehicle maker Lucid Group ( LCID 5.46% ) opened sharply lower on Monday after the company disclosed in a regulatory filing that it received a subpoena for documents from the U.S. Securities and Exchange Commission (SEC). As of 11:00 a.m. ET, Lucid's shares were down about 8.3% from Friday's closing price.
So what
In an 8-K filed on Monday morning, Lucid disclosed that it received a subpoena from the SEC on Dec. 3 that requested documents "related to an investigation" by the Commission.
Now what
Lucid is different from Nikola and Lordstown in one hugely important respect: It's actually shipping a product that delivers on its promises. Lucid made bold claims around the Air's range and performance that might have been suspect before the car went into production, but independent testers have now verified the claims.
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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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What happened
Lucid Group (NASDAQ: LCID) shares opened low and proceeded lower in early trading on the Nasdaq Stock Market Friday morning. By 9:45 a.m. ET, shares of the electric car start-up were down 9.7%.
So what
Wednesday evening, as you've probably heard by now, electric car kingpin Tesla reported terrific results for its fiscal fourth quarter of 2021 -- sales up 65% year over year, profits well ahead of estimates, and profit margins surging across the board.
Now what
In this way, Tesla's news was arguably bad news for Lucid in two different ways. On the one hand, Tesla's phenomenal success in sales is sewing up the electric cars market, and draining the supply of potential buyers for Lucid's cars.
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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.
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.
EV competition
In its earnings release for the second quarter of 2021, Ford said that Mustang Mach-E was the second best-selling electric SUV in the U.S. It would be dangerous to write off legacy automakers from the EV race looking at their aggressive plans. Then, we have a flurry of EV startups launching their models over the next two years.
Will LCID stock go back up?
Lucid Motors was trading lower in premarket on July 30. The stock could fall more from these levels before it goes back up. While Lucid has an attractive product proposition, the price and valuations look elevated to buy the stock now.
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.
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
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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Why the Decline?
LCID sock surged high in the previous months. The company’s shares soared 43.2% for the month of November. Moreover, the stock went up by 141.67 in the past three months and a staggering 372.23% year to date.
Car of the Year
On November 15, LCID announced that its Lucid Air sedan has been named MotorTrend’s Car of the Year. Hence, making it the first for a new automotive company to win the award with its first car.
