The Latest Breaking News from LCID

Despite being marred by macroeconomic headwinds, the automobile industry is poised to witness significant growth in the foreseeable future on the backs of growing demand for EVs and favorable government spending. Amid this backdrop, quality auto stocks General Motors (GM) and Honda Motor (HMC) might be solid buys today. However,…

The EV industry witnessed solid growth over the past years, driven by technological advancements and supportive government policies. However, material inflation, supply chain issues, high vehicle prices, and mounting economic concerns could hamper the industry’s growth this year. Hence, it could be wise to avoid fundamentally weak EV stocks Lucid…

Supply chain disruptions, mounting economic concerns, and high vehicle prices are all contributing to declining optimism about EV adoption. Hence, it could be wise to avoid fundamentally weak EV stocks NIO Inc. (NIO), Lucid Group (LCID), Nikola (NKLA), and Mullen Automotive (MULN). Read on….

With the Fed signaling to keep raising interest rates in 2023 and other unfavorable economic reports, recession odds are rising. Amid ongoing market uncertainties, it could be wise to stay away from fundamentally weak stocks Lucid (LCID), Ginkgo Bioworks (DNA), and Bed Bath & Beyond (BBBY), which are rated Strong…

The rising rates and high prices are hampering sales. Moreover, supply chain issues are still a concern in the auto industry. So, fundamentally weak auto stocks Lucid Group (LCID) and Mullen Automotive (MULN) might be best avoided now. Keep reading….

Lucrative government spending is boosting the electric vehicle (EV) industry. However, high EV prices make it unaffordable for many, restricting the growth of the industry. Hence, investors should avoid fundamentally weak EV stocks Rivian Automotive (RIVN), NIO (NIO), and Lucid Group (LCID), which are trading at a lofty valuation. Read…

The stock market has undergone a massive downturn this year amid macroeconomic concerns, with the Nasdaq composite witnessing a freefall. However, despite the uncertainties ahead, Nasdaq stock PepsiCo (PEP) could be an ideal investment considering its solid dividend-paying record. However, fundamentally weak Lucid Group (LCID) could be best avoided. Keep…

Stronger-than-expected jobs data might lead to the Fed lifting rates higher than investors expect. Increased recessionary fears have sparked a market sell-off lately. Given a highly uncertain market backdrop, we think it could be wise to avoid fundamentally weak popular stocks Block (SQ), Roku (ROKU), and Lucid (LCID), which investors…

The automobile industry has been hit this year by supply chain issues, rising raw material prices, and chip shortages. With a recession expected next year, financially weak auto stocks could continue to tumble. Thus, it could be wise to sell Lucid Group (LCID), Workhorse Group (WKHS), Mullen Automotive (MULN), and…

The EV industry has witnessed stupendous growth over the past few years thanks to technological advancements, growing acceptance, and government incentives. However, the industry has been plagued by high inflation, supply chain disruptions, rising raw material costs, and the semiconductor chip shortage. Given these factors, investors should stay away from…

Lucid reported a wider-than-expected loss. While Lucid Air EV deliveries are ramping up, reservations are declining. Lucid stock dived.