Lucid: The Painful EV Consolidation Is Here, Will It Be Next? [Seeking Alpha]
Lucid Group, Inc. (LCID)
Company Research
Source: Seeking Alpha
Despite the narrowing losses and lower annualized cash burn rate, the automaker's near-term prospects remain uncertain, given the apparent gap in demand/ supply. With Lucid Group stock charting lower lows and lower highs, it remains to be seen when bullish support materializes, with the dire predictions of EV bankruptcies already happening to Fisker. Combined with the elevated short interest, lower than expected FY2024 production guidance, and intensified capex, Lucid Group stock remains uninvestable in the meantime. We previously covered Lucid Group, Inc. NASDAQ: LCID ) in December 2023, discussing its pessimistic prospects as the premium electric vehicle, or EV, pricing became an inherent barrier to its mass appeal and adoption. Combined with the impacted gross margins, lowered FY2023 production guidance, and lack of projected profitability over the next few years, we had remained uncertain about its investment thesis, worsened by the fact that it was highly shorted. In t
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LCID
News
- Lucid Group (LCID) Rises Yet Lags Behind Market: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
- Why Lucid Group (LCID) Outpaced the Stock Market Today [Yahoo! Finance]Yahoo! Finance
- Lucid Stock Has 14% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]Yahoo! Finance
- S&P, Nasdaq futures advance on tech boost, earnings cheer [Yahoo! Finance]Yahoo! Finance
- Why Electric Vehicle and Battery Stocks Zoomed Higher Today [Yahoo! Finance]Yahoo! Finance
LCID
Earnings
- 2/21/24 - Miss
LCID
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- 4/25/24 - Form DEFA14A
- LCID's page on the SEC website