Electric vehicle (EV) companies aren't exactly having a good year, and Lucid (NASDAQ:LCID) is no exception. LCID stock has shed over 30% of its value year-to-date as customers favor lower-priced hybrid models amid a price war among EV competitors. During the first quarter, Lucid produced 1,728 vehicles and delivered 1,967 of them. Additionally, Lucid reiterated its 2024 production guidance of 9,000 vehicles. However, shareholders were expecting more. Last year, Lucid produced 8,428 vehicles while delivering ...

Lucid (NASDAQ:LCID) stock has shed over 30% so far this year, bringing its all-time loss to more than 70%. Both institutional investors and hedge funds are taking notice, decreasing their net exposure by 2.92% and 11.89%, respectively, as of the end of the first quarter. How much of that can be attributed to missed expectations? As pointed out by The Motley Fool, Lucid guided for the delivery of 90,000 vehicles and revenue of $9.9 billion for 2024 in its 2021 investor presentation. Those estimates are a lon ...

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. 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, 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. ...

*Stock prices used were the afternoon prices of May 15, 2024. The video was published on May 17, 2024. Lucid is launching the Gravity SUV near the end of 2024, which will likely boost sales in 2025. Fool.com contributor Parkev Tatevosian elaborates on where Lucid (LCID -1.39%) will find itself as it enters the next growth stage. ...

Lucid Group (NASDAQ:LCID) is a perfect example of why you should not short a stock. As famed economist John Maynard Keynes once noted, "The market can stay irrational longer than you can stay solvent." Lucid should be doing even worse than it is. Yet here we are watching Lucid stock soar because someone posted a meme on X. If not for the cash infusions of the Saudi government, the electric vehicle maker would be history. Yet because of that largesse, Lucid continues producing cars, but that does not mean yo ...

Lucid's Q1 report showed that the company is making progress. It also reminded us that big growth is still a long way off. At first glance, luxury electric vehicle maker Lucid Group's (LCID 11.03%) first-quarter earnings report, delivered after the markets closed on May 6, was a mixed bag. While its revenue beat Wall Street estimates, it lost more money than expected. It still has a decent amount of cash on hand, but its capital expenditures were huge. And over 30 months after production of Lucid's much- ac ...

Further, as I pointed out in a previous column, Lucid can capitalize on Tesla's (NASDAQ:TSLA) problems. It can also benefit significantly from selling software subscriptions to its customers. And finally, Lucid stock, along with all the other American EV names, will be strong in the short- to medium-term. Still, I continue to view Lucid stock as too risky to buy or hold at this point. Consequently, I still recommend unloading the shares. Unimpressive Q1 Results and an Excessive Valuation Lucid's (NASDAQ:LCI ...

Shares of former meme-stock darlings Lucid, Nikola, and QuantumScape are all taking off again. Here's the real story. Monday's surprising meme-stock revival continued into Tuesday's trading, as a number of volatile former favorites saw their shares soar again on little news. As was true a few years ago, electric vehicle (EV) stocks were among the big winners on Monday, and the action has continued today. Here are where things stood for these three past-and-maybe-future favorites as of 11 a.m. ET on Tuesday. ...

Lucid Motors (NASDAQ:LCID) stock is rising higher on Tuesday as recent interest in meme stocks are causing many to rally. In Lucid Motors' case, it is often of interest to retail and day traders. However, that doesn't mean it wouldn't benefit from the extra attention that comes with the latest meme stock rally. One thing that could be happening is a short squeeze of LCID stock. That would make sense with its short interest of 280,606,688 shares. This represents a whopping 31.68% of the company's float. Inve ...