It will take some time given t

2022-04-11

It will take some time given this negative growth environment and rising interest rates. But LCID is part of the megatrend for EVs, and what other luxury EV brands are there out there that's not Chinese?

Are We Sure Lucid Motors Can Be the Next Tesla?

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Comments

Dawang
2022-04-11
Dawang
lucid motors will need some time to consolidate. Dont count them out yet 😁
bubblyx
2022-04-11
bubblyx
Chinese EV makers has captured a large amount of market share.
snugglo
2022-04-11
snugglo
It is better to wait now.
nimbly
2022-04-11
nimbly
Chinese EV brands are welcomed by many countries.

Leave a comment

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But LCID is part of the megatrend for EVs, and what other luxury EV brands are there out there that's not Chinese?","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9014257019","repostId":1128781356,"repostType":4,"repost":{"id":"1128781356","pubTimestamp":1649654342,"share":"https://www.laohu8.com/m/news/1128781356?lang=&edition=full","pubTime":"2022-04-11 13:19","market":"us","language":"en","title":"Are We Sure Lucid Motors Can Be the Next Tesla?","url":"https://stock-news.laohu8.com/highlight/detail?id=1128781356","media":"InvestorPlace","summary":"Production delays and a bear market are holding LCID stock backSource: gg5795 / Shutterstock.comIt h","content":"<html><head></head><body><p>Production delays and a bear market are holding LCID stock back</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/80a4a3e601282f539d294e3bb47a44e9\" tg-width=\"1024\" tg-height=\"576\" width=\"100%\" height=\"auto\"/><span>Source: gg5795 / Shutterstock.com</span></p><p>It has not been an easy run for growth stocks lately. Excluding <b>Tesla</b>(NASDAQ:<b><u>TSLA</u></b>), it has also been a tough ride for electric vehicle (EV)makers like <b>Lucid Motors</b>(NASDAQ:<b><u>LCID</u></b>). From the 52-week high, LCID stock is now down almost 62% as it languishes near last month’s low of $20.49. The stock did not respond well to the company’s earnings report that released on Feb. 28. Non-GAAP earnings were in-line, but GAAP earnings were a miss. While revenue grew more than 600% year over year as the company now has deliveries, it came in significantly below analysts’ expectations.</p><p>As you may have guessed, production and deliveries have been a culprit to the decline in LCID stock price. Unfortunately, the company had to cut its 2022 production numbers from its predicted 20,000 vehicles down to a range of 12,000 to 14,000 vehicles. Lucid’s chief executive officer stated, “This reflects the extraordinary supply chain and logistics challenges we’ve encountered and our unrelenting focus on delivering the highest-quality products.”</p><p>To help with its supply chain issues, the company recently announced plans for a new battery plant.<b>LG Energy Solutions</b> will beinvesting $1.4 billion to build a battery manufacturing facility in Queen Creek, Arizona — within an hours drive from Lucid’s manufacturing plant in Casa Grande, Arizona. Lucid hopes this move will help its long-term growth. By 2030, the company plans to have the Arizona factory producing 500,000 EVs annually.</p><p>Along with its promising EV technology, investors continue to wonder if Lucid can become the next Tesla. It is not that Lucid can’t be Tesla-like in the future when it comes to production. However, many non-Tesla supporters fail to separate some of the things that make Tesla unique. For starters, it has Elon Musk, who seems to carry a premium with him. Second, the company has an entire energy business to consider, alongside an EV-leading production setup. It has numerous locations around the world in North America, China and Europe.</p><p>So, can Lucid get there from an automotive perspective? Of course it can — eventually. But production delays are a part of life for automakers and Lucid Motors is working through those issues now. In fact, significant issues.</p><p>It will need to stabilize its production plans to start working on “being the next Tesla.” Production increases and stabilization would be a great start for LCID stock’s future to go well. 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Excluding Tesla(NASDAQ:TSLA), it has also been a ...</p>\n\n<a href=\"https://investorplace.com/2022/04/lcid-stock-are-we-sure-lucid-motors-can-be-the-next-tesla/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc"},"source_url":"https://investorplace.com/2022/04/lcid-stock-are-we-sure-lucid-motors-can-be-the-next-tesla/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128781356","content_text":"Production delays and a bear market are holding LCID stock backSource: gg5795 / Shutterstock.comIt has not been an easy run for growth stocks lately. Excluding Tesla(NASDAQ:TSLA), it has also been a tough ride for electric vehicle (EV)makers like Lucid Motors(NASDAQ:LCID). From the 52-week high, LCID stock is now down almost 62% as it languishes near last month’s low of $20.49. The stock did not respond well to the company’s earnings report that released on Feb. 28. Non-GAAP earnings were in-line, but GAAP earnings were a miss. While revenue grew more than 600% year over year as the company now has deliveries, it came in significantly below analysts’ expectations.As you may have guessed, production and deliveries have been a culprit to the decline in LCID stock price. Unfortunately, the company had to cut its 2022 production numbers from its predicted 20,000 vehicles down to a range of 12,000 to 14,000 vehicles. Lucid’s chief executive officer stated, “This reflects the extraordinary supply chain and logistics challenges we’ve encountered and our unrelenting focus on delivering the highest-quality products.”To help with its supply chain issues, the company recently announced plans for a new battery plant.LG Energy Solutions will beinvesting $1.4 billion to build a battery manufacturing facility in Queen Creek, Arizona — within an hours drive from Lucid’s manufacturing plant in Casa Grande, Arizona. Lucid hopes this move will help its long-term growth. By 2030, the company plans to have the Arizona factory producing 500,000 EVs annually.Along with its promising EV technology, investors continue to wonder if Lucid can become the next Tesla. It is not that Lucid can’t be Tesla-like in the future when it comes to production. However, many non-Tesla supporters fail to separate some of the things that make Tesla unique. For starters, it has Elon Musk, who seems to carry a premium with him. 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Dont count them out yet 😁","text":"lucid motors will need some time to consolidate. Dont count them out yet 😁","html":"lucid motors will need some time to consolidate. Dont count them out yet 😁","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101135711,"commentId":"101135711","gmtCreate":1649675038566,"gmtModify":1663246537854,"authorId":9000000000000343,"author":{"id":9000000000000343,"idStr":"9000000000000343","authorId":9000000000000343,"name":"bubblyx","avatar":"https://static.tigerbbs.com/c1c41413fd02f1b5e8685210b6b0bff0","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9014257019,"objectIdStr":"9014257019","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Chinese EV makers has captured a large amount of market share.","text":"Chinese EV makers has captured a large amount of market share.","html":"Chinese EV makers has captured a large amount of market share.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101135807,"commentId":"101135807","gmtCreate":1649675966263,"gmtModify":1663246538241,"authorId":3479274819816427,"author":{"id":3479274819816427,"idStr":"3479274819816427","authorId":3479274819816427,"name":"snugglo","avatar":"https://static.tigerbbs.com/78bec073397d54a68f80879dd87fd45c","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9014257019,"objectIdStr":"9014257019","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"It is better to wait now.","text":"It is better to wait now.","html":"It is better to wait now.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101135790,"commentId":"101135790","gmtCreate":1649675821065,"gmtModify":1663246538043,"authorId":9000000000000342,"author":{"id":9000000000000342,"idStr":"9000000000000342","authorId":9000000000000342,"name":"nimbly","avatar":"https://static.tigerbbs.com/2a5f2c7d7652e6711ec37ca005bc8b25","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9014257019,"objectIdStr":"9014257019","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Chinese EV brands are welcomed by many countries.","text":"Chinese EV brands are welcomed by many countries.","html":"Chinese EV brands are welcomed by many countries.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9014257019"}