Can Lucid Stock Stand the Test of Time?

InvestorPlace2021-09-21

Lucid Motors(NASDAQ:LCID) stock took off like a rocketwhen the SPAC set up by Churchill Capital IV announced in February that it was planning a reverse merger with the electric vehicle maker. But the ...

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BillyWu
·2021-09-22
Fuck them, who says Lucid shares worth 13 to 15 dollars? These shorters are making tons of money spreading fake news.
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Min_max
·2021-09-22
only time will tell
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jimmylaw
·2021-09-21
Comment below
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- adriandino:
  buy buy buy
  2021-09-21
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foreret
·2021-09-21
Time will tell
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- KTX:
  K
  2021-09-21
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- jimmylaw:
  like
  2021-09-21
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lowniu
·2021-09-21
Like please. Thx
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- Singman:
  pls like too.
  2021-09-21
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But the ...</p>\n\n<a href=\"https://investorplace.com/2021/09/can-lcid-stock-stand-the-test-of-time/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LCID","symbol_name":"Lucid Group Inc","start_time":0,"source_url":"https://investorplace.com/2021/09/can-lcid-stock-stand-the-test-of-time/","article_id":"1116917981","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1116917981","pubTimestamp":1632192098,"columns":[],"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"It takes more than cool concept to justify a $30 billion market cap in LCID stock","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LCID":"Lucid Group Inc"},"translate_title":"清醒股票能经受住时间的考验吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LCID":0.9},"content_text":"Lucid Motors(NASDAQ:LCID) stock took off like a rocketwhen the SPAC set up by Churchill Capital IV announced in February that it was planning a reverse merger with the electric vehicle maker. But the deal hit some roadblocks and the California-based electric vehicle company didn’t end up sealing the deal until late July.\nSince then, the stock has been in a trading range.\nThe point is, there have been more than a few twists and turns with LCID stock, and that will likely continue. Let’s hope its brakes are as good as its acceleration.\nLCID Stock Already Big Time\nBefore it even went public LCID stock has $4.4 billion in the bank.Now it has a $36 billion market cap.It’s about the same size as marketing software firm HubSpot(NYSE:HUBS) or financial services firm State Street(NYSE:STT). That’s some serious company for carmaker that hasn’t delivered its first car yet.\nBut the fact that it has a solid $4.4 billion in the bank for its first year of operations is a good sign. Add in the recent news that its first car, Lucid Air, just received EPA certification of its 500-mile range. That makes it’s the longest-range production EV to hit the road yet.\nBear in mind, the Air isn’t for everyone. Or should I say, it’s for everyone that can afford it. The base model starts at $70,000 and the Touring model starts at $87,000.\nAnd by all reports – LCID has made demo cars available for car journalists to drive at various car shows and events – it leaves nothing to its luxury competition.\nIs the EV Halo Too Bright?\nThe trouble with all this is, LCID stock is pretty darned expensive given the fact that its product hasn’t even hit the streets. I mean,Tesla(NASDAQ:TSLA) has $737 billion market cap. That’s more than double the market cap of Toyota(NYSE:TM),Honda Motor Company(NYSE:HMC) and General Motors(NYSE:GM) – combined!\nValuations are insane.\nAnd where other companies in other sectors get hammered whenever a new competitor or two roll into the market, EV makers just continue to soar. Even China’s Nio (NYSE:NIO) has a $60 billion market cap.\nThis is a market that has forgotten the acrid smell and bitter taste of a market correction. A new century, same old Roaring Twenties!\nIronically, 100 years ago the American Electric Vehicle Company launched its first production model EV. And there were nearly four dozen other carmakers in the US at the time. By the 1950s, there were less than half that number, and dropping.\nHistory Rhymes\nThe famed saying, “History never repeats itself, but it often rhymes,” is attributed to Mark Twain (aka Samuel Clemens).\nAnd we’re starting to see that rhyme in EVs as well as other green technologies. Some of this has to do with the rise in ESG investing by institutional investors. There’s a lot of money chasing companies that have been blissfully ignored by Wall Street for years, until now.\nAnd now LCID stock and its competitors are the beneficiaries, for now.\nAs long as the markets continue to rise and money is cheap and investment banks are backed by the Federal Reserve, all is good. Risk is low to non-existent, and the little investor is having as much fun as the investment houses.\nBut I’m not here to say the end is nigh. I’m just saying that in any correction, this high flier will be the first ones to get their wings clipped. And all these feel-good companies with no earnings and huge market caps will start to look very different valuations matter again.\nI like LCID stock. But not at $20. I’d say $13 to $15 is a decent price range. But it’s still a speculation at that point. It needs some cars on the road to justify its current status.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":869380031,"gmtCreate":1632245222823,"gmtModify":1676530734181,"author":{"id":"3587089033625952","authorId":"3587089033625952","name":"BillyWu","avatar":"https://static.tigerbbs.com/fe9da814932e6e4dbcc103a2e82bd42f","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":1,"crmLevelSwitch":1,"idStr":"3587089033625952","authorIdStr":"3587089033625952"},"htmlText":"Fuck them, who says Lucid shares worth 13 to 15 dollars? These shorters are making&nbsp;tons of money spreading fake news.","listText":"Fuck them, who says Lucid shares worth 13 to 15 dollars? These shorters are making&nbsp;tons of money spreading fake news.","text":"Fuck them, who says Lucid shares worth 13 to 15 dollars? These shorters are making tons of money spreading fake news.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/869380031","repostId":1116917981,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":869313632,"gmtCreate":1632243775226,"gmtModify":1676530734009,"author":{"id":"3585869414507662","authorId":"3585869414507662","name":"Min_max","avatar":"https://static.tigerbbs.com/a19718c12eabe8d2a0c3e3a797bd178f","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3585869414507662","authorIdStr":"3585869414507662"},"htmlText":"only time will tell","listText":"only time will tell","text":"only time will tell","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/869313632","repostId":1116917981,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":860402896,"gmtCreate":1632193843015,"gmtModify":1676530722567,"author":{"id":"3570772304712620","authorId":"3570772304712620","name":"jimmylaw","avatar":"https://static.tigerbbs.com/f6c847ae11f03f4682632e6fa4016040","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":6,"crmLevelSwitch":1,"idStr":"3570772304712620","authorIdStr":"3570772304712620"},"htmlText":"Comment below","listText":"Comment below","text":"Comment below","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/860402896","repostId":1116917981,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5942664,"gmtCreate":1632198833394,"gmtModify":1663234194341,"authorId":3557838603033373,"author":{"id":3557838603033373,"idStr":"3557838603033373","authorId":3557838603033373,"name":"adriandino","avatar":"https://static.tigerbbs.com/7ee1cd14ed5057e0ad135ec52ba710cf","vip":1,"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":860402896,"type":1,"supId":0,"prevId":0,"content":"buy buy <u>buy</u>","text":"buy buy <u>buy</u>","html":"buy buy <u>buy</u>"}],"langContent":"EN"},{"id":860574053,"gmtCreate":1632192929872,"gmtModify":1676530722343,"author":{"id":"3583238931757961","authorId":"3583238931757961","name":"foreret","avatar":"https://static.tigerbbs.com/e6c4521bde5d8dd70495836ae756f811","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3583238931757961","authorIdStr":"3583238931757961"},"htmlText":"Time will tell","listText":"Time will tell","text":"Time will tell","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/860574053","repostId":1116917981,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5942362,"gmtCreate":1632196129575,"gmtModify":1663234194439,"authorId":3571482211918385,"author":{"id":3571482211918385,"idStr":"3571482211918385","authorId":3571482211918385,"name":"KTX","avatar":"https://static.tigerbbs.com/f7d2d6c9788fbae7ed024ed5ba7c58e4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":860574053,"type":1,"supId":0,"prevId":0,"content":"K","text":"K","html":"K"},{"id":5942040,"gmtCreate":1632193833477,"gmtModify":1663234191543,"authorId":3570772304712620,"author":{"id":3570772304712620,"idStr":"3570772304712620","authorId":3570772304712620,"name":"jimmylaw","avatar":"https://static.tigerbbs.com/f6c847ae11f03f4682632e6fa4016040","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":860574053,"type":1,"supId":0,"prevId":0,"content":"<u>like</u>","text":"<u>like</u>","html":"<u>like</u>"}],"langContent":"EN"},{"id":860572185,"gmtCreate":1632192753447,"gmtModify":1676530722296,"author":{"id":"3581809688048652","authorId":"3581809688048652","name":"lowniu","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581809688048652","authorIdStr":"3581809688048652"},"htmlText":"Like please. Thx&nbsp;","listText":"Like please. Thx&nbsp;","text":"Like please. Thx","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/860572185","repostId":1116917981,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5942850,"gmtCreate":1632200041004,"gmtModify":1663234194443,"authorId":3575125836760247,"author":{"id":3575125836760247,"idStr":"3575125836760247","authorId":3575125836760247,"name":"Singman","avatar":"https://static.tigerbbs.com/d770feb757705f2d631d2d5f381ae07b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":860572185,"type":1,"supId":0,"prevId":0,"content":"<p>pls like too.</p>","text":"<p>pls like too.</p>","html":"<p>pls like too.</p>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":64,"commentSize":5,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}