Just when you thought the news couldn’t get any worse for electric vehicle manufacturer Lucid Group (NASDAQ:LCID), it seems like there are always more negative surprises around the corner. In a time when the EV industry is rife with challenges, the last thing you need to do is risk your hard-earned capital on LCID stock.Lucid only produced 8,428 vehicles in 2023 after previously guiding for “more than 10,000” vehicles. It only expects to produce “approximately 9,000” vehicles this year. Are recent developme ...

Lucid (LCID -2.34%) stock has disappointed a lot of investors since its public debut in July 2021. The maker of luxury electric sedans went public by merging with a special purpose acquisition company (SPAC), and its stock started trading at $25.24 before more than doubling to its all-time high of $55.52 four months later.Before it went public, Lucid claimed it could produce 20,000 vehicles in 2022 and 49,000 vehicles in 2023. But in reality, it only produced 7,180 vehicles in 2022 and 8,428 vehicles in 202 ...

LCID (NASDAQ:LCID) stock is having a rough year thus far with the stock down nearly 25% YTD. The electric vehicle company has failed to meet investor expectations and their long term growth prospects remain questionable. Lucid has had itself an abysmal operational year in 2023, failing to meet its vehicle delivery targets. Additionally, the company continues to lose money hand over fist after reporting loss from operations of $2.83 billion in FY23. Bears have every reason to be pessimistic, and the company ...

Is Lucid (NASDAQ:LCID) stock worth only $3 per share? That’s what RBC analyst Tom Narayan thinks, as he lowered his price target to $3 from $6 this morning. Narayan believes that Lucid has a technological advantage over its other electric vehicle (EV) peers. However, the company has been unable to attract sufficient demand due to an EV price war and limited visibility. For example, Lucid guided for the production of between 10,000 and 14,000 vehicles at the beginning of 2023. Actual 2023 production was only ...

Shares of Lucid (NASDAQ:LCID) stock are in the spotlight after the Financial Times caught up with CEO Peter Rawlinson at the Geneva Motor Show. During the conversation, Rawlinson admitted that the electric vehicle (EV) company would need to raise additional capital, saying: “It’s inevitable we need to raise in the future, it’s just a question of when.”Saudi Arabia’s Public Investment Fund (PIF) has been a prominent supporter of the company, investing in every single fundraising round that Lucid has enacted. ...

The electric vehicle (EV) market continues to face an imbalance between supply and demand, resulting in lower prices and falling margins for automakers. Over the weekend, Tesla (TSLA -6.74%) and BYD continued their price war with Tesla giving incentives of nearly $5,000 to buyers through the end of March. Investors didn't react kindly and it wasn't just Tesla that was impacted, although shares were down as much as 7.9% in trading on Monday. Shares of Rivian Automotive (RIVN -3.44%) also dropped 7% and Lucid ...

NIO (NIO) is set to release fourth-quarter 2023 results on Mar 5, before market open. The results will primarily center around the company’s vehicle deliveries. While fourth-quarter deliveries perform well and beat our model estimates, rising expenses might act as a spoiler.Before we delve into the factors that are set to shape its upcoming results, here’s a snapshot of its third-quarter 2023 earnings report.(Also read: Will Higher-Than-Expected Deliveries Boost NIO's Q4 Earnings?)Q3 HighlightNIO incurred a ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Lucid (NASDAQ:LCID) stock has had a long bumpy ride. Investors eagerly bought LCID shares after its 2021 IPO, raising $4.5 billion for Lucid. Lucid’s Saudi backers provided capital during tough times. However, the new EV maker is far from dethroning Tesla (NASDAQ:TSLA) or even China’s BYD (OTCMKTS:BYDDY). In Q4 2023, BYD sold 526,409 electric vehicles, while Tesla sold 484,507. BYD’s sales are still increasing despite an EV slowdown. In January, the company sold 205,588 electric vehicles. Tesla finds itself ...

Lucid Group (LCID) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this an electric vehicle automaker have returned -8.4%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Automotive - Domestic industry, which Lucid Group falls in, has gained 8.2%. The key question now is: What could be the stock's f ...