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If a well-established firm made a sizable investment in electric vehicle (EV) manufacturer Lucid Group (NASDAQ:LCID), does that mean you should buy LCID stock now? Not necessarily. Lucid Group’s pricing strategy seems to exclude a large number of automotive buyers. There’s evidence that Lucid might even be aware that its EVs are too expensive, but the company isn’t really solving the problem. With each passing quarter, it’s getting harder to hold Lucid stock with confidence. For 2023’s first qua
Lucid Motors shares fell in extended trading as the pure-play electric vehicle maker reported a Q1 revenue and earnings miss, as concerns about profitability and production mount for the California-based company.
Like practically every publicly listed company, it’s possible to find good news about electric vehicle manufacturer Lucid Group (NASDAQ:LCID). Yet, Lucid Group’s problems outweigh any positive developments with the company. This isn’t the right time for investors to attempt a rescue mission with LCID stock. There’s nothing wrong with Lucid Group sprucing up the appearance of some of its vehicles. As we’ll see, Lucid is trying out an intriguing exterior design concept that could entice some car s
If you believe the situation can’t get any worse for Lucid Group (NASDAQ:LCID), think otherwise. At least, based upon the latest news with LCID stock. Last week, the struggling EV maker reported its latest production and delivery numbers. Saying the figures were disappointing is putting it lightly. Once again vindicating the bear case laid out by the skeptics, Lucid fell short with both metrics. Both figures were underwhelming, yet one the two in particular signals more trouble ahead for the com
The Lucid Air Grand Touring in Performance trim was tested, and the car boasts a rather insane 1,050 hp with an range of 516 miles, which is higher than any other EV available. The car is a remarkable package that makes it one of the most special cars on sale today - quite simply because it seems to come from some place other than earth.
Don't want a Tesla? Here are your 5 top non-Tesla EV options
Hope springs eternal, but it might be misapplied with electric vehicle manufacturer Lucid Group (NASDAQ:LCID). Sure, there was a quick rally in LCID stock recently, and the automaker appears to be wheeling and dealing in Saudi Arabia. This isn’t the right time to consider an investment in Lucid, however, as the company still has major issues. Lucid Group isn’t in danger of going bankrupt tomorrow or next week, so the company’s shares get a “D” rating, not an “F.” There might actually be a good t
If you love cars, and you watch a lot of YouTube, then you know Doug DeMuro. DeMuro has reviewed cars and written about the auto industry for some time now, but his real claim to fame stems from his YouTube channel, where his earnest, no frills, in-depth and entertaining car reviews have afforded him a legion of fan. DeMuro’s channel has over 4.6 million subscribers to date, and his more popular videos garner millions of views each. DeMuro’s internet stardom hasn’t kept him from shunning other pursuits, as he dipped his toe into the startup world with his auction site Cars & Bids, which focus on classic cars from the modern era (typically the ‘80s and up).
Can Lucid Group (NASDAQ:LCID) successfully compete with much bigger and more famous electric vehicle manufacturers? Recent results don’t look good for Lucid, and since the company isn’t ambitious in its EV production goal, financial traders should be cautious with LCID stock. As you may be aware, Lucid’s vehicles are so expensive that they don’t qualify for the $7,500 tax incentives that other EV makers are taking advantage of. Consequently, the company announced its own $7,500 “EV credit” on th
The big picture is mixed for Ford investors: Ford's historic EV transformation is likely necessary, but it's taking longer than expected.
For weeks, financial traders placed their bets in anticipation of electric vehicle (EV) manufacturer Lucid Group’s (NASDAQ:LCID) fourth-quarter 2022 earnings report. The initial response to the quarterly release was a steep drop in LCID stock. The selloff appears to be justified by the data, which indicates soft sales and a less-than-ideal capital position for Lucid Group. As you may recall, Lucid recently announced a $7,500 “credit” on the purchase of select EV models. However, even after the “
Stocks moving in after hours: Nvidia, Lucid, Etsy, Bumble
Lucid shares are sliding following the EV-maker's huge revenue miss for the quarter, though it did report a smaller loss than expected.
Will electric vehicle (EV) manufacturer Lucid Group (NASDAQ:LCID) be able to compete successfully against automotive giants like Tesla (NASDAQ:TSLA)? This is a tough question that prospective LCID stock investors should carefully consider. Granted, Lucid has some well-heeled financial backers, but this doesn’t mean you have to jump into the trade. Let’s face the facts: Inflation isn’t transitory in 2023. The Consumer Price Index (CPI) for January was 6.4%, a higher reading than the 6.2% that eco
Lucid (LCID) shares soared as much as 88% on Friday and were repeatedly halted for volatility following speculation that Saudi Arabia's Public Investment Fund is considering buying a remaining stake in the luxury electric vehicle startup.
In 2021, it may have been tempting to get caught up in the hype surrounding electric vehicle manufacturer Lucid Group (NASDAQ:LCID) stock. That hype didn’t help investors over the long run, however, and 2023 could be just as disastrous as 2022 was for Lucid as the company is selling plenty of shares, but not very many vehicles. A foundational principle of investing is that a beaten-down share price shouldn’t be equated with a bargain. Lucid Group needs positive catalysts, not just hope and hype,
2022 was brutal for electric vehicle (EV) manufacturers, and investors of Lucid Group (NASDAQ:LCID) really got slammed. This, however, opens up the possibility that LCID stock is trading at an attractive price point. It certainly adds interest and intrigue that a sovereign-wealth fund recently added nearly $1 billion to its investment in Lucid Group. That’s not the only reason to consider your own position in the stock, though. Being a contrarian trader can be psychologically difficult. Unless y
After a bruising 2022, how will electric vehicle (EV) manufacturer Lucid Group (NASDAQ:LCID) treat its loyal investors during the next 12 months? It’s hard to envision a strong bull case for LCID stock as there no clear positive catalysts. Lucid did raise capital recently, but it wasn’t “free money” by any means. Moreover, the automaker’s potential venture into China could prove to be a costly error. Let’s be perfectly frank. If a company isn’t turning a profit, it’s very risky for the managemen
Despite ongoing supply chain issues and headwinds like price inflation, EV penetration in America nearly doubled in the U.S. in the first ten months of 2022, going to 5.3% of all vehicles sold, versus 2.9% last year. Experian data shows new car registrations hit 604,638 EV vehicles, more than 60% versus a year ago. But the easiest way to grow that EV number, beyond initiatives like expanding EV charging networks and increasing incentives (which we’ll get too), is making EVs cheaper. Here’s why 2023 could be the year we’ll see cheaper EVs.
Tesla's shares are down about 17% so far this month, but the stock remains the top pick for retail investors.