Electric adventure vehicle maker Rivian reported fourth quarter results after the bell on Wednesday.
Headwinds such as elevated prices compared to gas vehicles, higher financing costs, and lack of charging infrastructure among other issues have put a lid on EV growth in the US. But on the flip side, it’s an extremely advantageous time for consumers looking to buy or lease an EV.
Now down deep in “penny stock territory,” it’s possible that some traders are looking at Lucid Group (NASDAQ:LCID) as a fast money trading opportunity. However, a grim long-term LCID stock outlook makes even this sort of speculation a risky endeavor. Sure, it’s not as if shares in this fledgling early-stage EV maker have been moving on a steadily downward trajectory. For instance, in the past month, the stock has zig-zagged higher and lower, primarily during a short-lived relief rally for EV sto