Could lucid stock help you become a millionaire?
Dec 27, 2021 · Why Lucid Stock Ended Up Moving Higher Today. ... And the stock price is going to have plenty of ups and downs similar to the price action today along the way. ... Why Lucid Stock Sank 12.4% in ...
Is lucid Group stock overvalued?
Oct 29, 2021 · Lucid Group ( LCID -3.12% ) has become unstoppable: The electric vehicle stock soared again today, jumping an eye-popping 45% as of 1 p.m. EDT. Just when investors were looking forward to Lucid's ...
Why is everyone talking about lucid stock?
Sep 21, 2021 · Auto investors are clearly excited about Lucid: The company's stock bucked the market's trend during Monday's broad sell-off, closing up 4.8% on a day when nearly all of its rivals were down sharply.
Why is everyone talking about lucid Group stock?
Oct 27, 2021 · At 11:05 a.m. EDT, shares had given up some of those gains but remained up 5.3%. So what Lucid isn't simply delivering its first Air Dream Edition electric sedans this weekend.
Is Lucid a good stock to buy right now?
LCID is currently valued by the market at 3.3 times consensus forward FY 2025 Enterprise Value-to-Revenue, which I deem as relatively fair. In my opinion, Lucid stock isn't nearing a buying point yet despite the recent share price correction, which makes the stock a Hold.Mar 29, 2022
Why is Lucid rising today?
Lucid Group Inc (NASDAQ: LCID) is trading higher Tuesday after the company announced its third-quarter financial results. Lucid Group reported that reservations increased to 13,000 during the third quarter, representing an order book of approximately $1.3 billion.Nov 16, 2021
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
Will Lucid go back up?
In its 2021 mid-year update for investors, Lucid said it plans to expand production of its Air sedan beginning in 2023 and will launch a new SUV at the end of that year. It added that its cash on hand at the time is expected to fund its operations through 2022.Jan 13, 2022
Why is Lucid stock dropping today?
Shares are falling in after-hours trading because production isn't ramping up fast enough for investors. Lucid (ticker: LCID) stock rose 10% in Monday's regular session. That was a good day for shares considering that the S&P 500 and Dow Jones Industrial Average fell about 0.2% and 0.5%, respectively.Feb 28, 2022
Is Lucid 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.
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
Can you invest in Lucid Motors?
You can buy Lucid Motors stock now under the ticker 'LCID' on the Nasdaq exchange. As a result of the merger, Churchill Capital and Lucid Motors were renamed Lucid Group and shares of CCIV switched over to the LCID ticker.
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
What will Lucid stock predictions?
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 +114.08% increase from the last price of 21.02.
Will Lucid reach 100?
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
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
Just days before the company delivers its first electric cars, its CEO's latest remarks have sent the markets into a tizzy
A Fool since 2011, Neha has a keen interest in materials, industrials, and mining sectors. Her favorite pastime: Digging into 10Qs and 10Ks to pull out important information about a company and its operations that an investor may otherwise not know. Other days, you may find her decoding the big moves in stocks that catch her eye.
What happened
Lucid Group ( NASDAQ:LCID) has become unstoppable: The electric vehicle stock soared again today, jumping an eye-popping 45% as of 1 p.m. EDT.
So what
Although Lucid is a closely watched stock, one recent development that investors may have missed is the company's plans for Saudi Arabia.
Now what
Rawlinson's focus on efficiency, even for lower-priced cars, could go a long way in helping Lucid grab a bigger share of a market that's likely to be flooded with EVs in the coming years with every automaker scrambling to join the EV race.
After years of preparation, the company is finally close to shipping its first electric vehicles to customers. That's a big deal
John Rosevear is the senior auto specialist for Fool.com. John has been writing about the auto business and investing for over 20 years, and for The Motley Fool since 2007. Follow @john__rosevear
What happened
Shares of electric vehicle start-up Lucid Group ( NASDAQ:LCID) were trading higher on Tuesday, adding to its notable run-up even as rivals' stocks have slumped amid broad concerns about the potential collapse of a debt-laden Chinese property developer.
So what
Auto investors are clearly excited about Lucid: The company's stock bucked the market's trend during Monday's broad sell-off, closing up 4.8% on a day when nearly all of its rivals were down sharply.
Now what
Lucid will hold a series of events for investors and the media at its Arizona factory next week. I expect that it will begin ramping up production of the Air shortly thereafter, but I also expect we'll get more details about its plans during those events.
What happened
Excitement has been growing over electric vehicle start-up -- and potential strong Tesla competitor -- Lucid Group (NASDAQ: LCID) as it gets closer to shipping its first vehicles. Today the company announced that will begin this Saturday, and the stock popped 10%. At 11:05 a.m. EDT, shares had given up some of those gains but remained up 5.3%.
So what
Lucid isn't simply delivering its first Air Dream Edition electric sedans this weekend. It is also holding a rally for the new owners hosted by Lucid leadership "on a route that showcases the vehicle's standout ride, handling, and performance capabilities," the company said.
Now what
Lucid expects to produce 520 of its Air Dream Edition vehicles at $169,000 each. They come in two versions -- Range and Performance. The Range editions can reach 520 miles on a single battery charge. That range significantly beats the Tesla Model S Plaid's, which is listed at 396 miles.
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.
About Lucid Group
Churchill Capital Corp IV was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Lucid Group (NASDAQ:LCID) Frequently Asked Questions
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lucid Group in the last year. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Lucid Group stock.
When will Lucid Air be released?
Lucid Motors is on pace to start delivering its Lucid Air — a high-performance, ultraefficient luxury EV sedan — in late 2021, according to the company. The company expects to roll out its Gravity performance luxury SUV in 2023. The Lucid Air has not yet started production, but has just completed its preproduction phase.
How many reservations did Lucid Motors make?
In a slide deck filed with the U.S. Securities and Exchange Commission July 13, Lucid Motors touted more than 10,000 reservations for the Lucid Air, representing $900 million in anticipated sales.
Is Tesla stock an IBD?
Tesla stock is an IBD Leaderboard idea. Per Leaderboard analysis, "Tesla recently found support at the 40-week line on its weekly chart, and now it's spending some time above its 10-week moving average. These are encouraging signs.". Tesla earnings are due after the close.
Is Lucid Motors a blank check company?
Lucid Motors Stock News. On Friday, Lucid Motors shareholders voted to approve the merger of the blank check company. In mid-July, the company said it had finished its preproduction phase after a series of delays.
NASDAQ: LCID
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
Lucid garners a lot of hype as a promising electric vehicle brand, which the stock's price might already reflect
Electric vehicle start-up Lucid Group ( LCID -4.56% ) was one of 2021's most anticipated special purpose acquisition (SPAC) stocks. Tesla 's ( TSLA -5.94% ) success has drawn much attention to the electric vehicle (EV) industry, where investors are looking for the next big thing.
Following the Tesla playbook
Lucid has a little bit of Tesla in its DNA. CEO Peter Rawlinson used to work for Tesla; he was a chief engineer for its flagship car, the Tesla Model S. Given Tesla's success, it might not be surprising to see Rawlinson crafting Lucid's strategy to resemble his former employer's.
NASDAQ: LCID
Like Tesla, Lucid is starting upmarket, aiming to break into the automotive industry with a high-end model. The Lucid Air is just that, starting at a price of approximately $77,000 and ranging up to $169,000.
Premium Investing Services
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
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.
