Lucid Stock Prediction 2025: 936% Revenue Growth

in #stocks3 years ago (edited)

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Lucid Stock Prediction 2025: 936% Revenue Growth

Most EV companies post bold numbers to increase investor and consumer interest. Many of them might even refer to themselves as "Tesla Killers" with nothing to back it up.

But Lucid Group Inc. (NASDAQ: LCID) seems different. This company is the product of a SPAC merger with Churchill Capital Corp. (NYSE: CCIV), one of the most talked-about to date, billed as the largest SPAC deal ever for an electric vehicle stock, at $12 billion.

Early in 2021, management provided its own five-year CCIV stock prediction. The difference between Lucid and the EV flops in the past is that it has a product, at least. More importantly, the experts have good things to say about it.

MotorTrend recently highlighted Lucid for greater battery efficiency than the Tesla Model S as well as a cost-effective powertrain developed in-house. So, we see the technology impresses the industry, and production looks tenable.

Do these factors make Lucid a "Tesla Killer" though?

Lucid Stock Performance After the SPAC Merger
CCIV stock popped 540% when rumors of the merger hit, going from $10 to $64. It quickly tanked and leveled off in the $20 range, but months later, we're starting to see new bearish momentum.

New shares were just released from lockup. On Aug. 31, shares dropped 15%, from $19 to $16 in a single day.

You see, IPOs and SPAC mergers usually involve a "lockup" period to prevent early-stage PIPE investors from piling their shares into the market and quickly diluting the price. Unfortunately, this sometimes becomes a matter of putting pain off for later.

If you're thinking more short-term, then momentum is your friend.

There could still be a lot of excitement as the Lucid Air release date comes closer. It is an exciting car and is going to attract a lot of attention when it rolls out.

Enjoy the ride higher, use trailing stops to protect yourself from sharp drops, and bail at the first sign of weakness.

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Not citing sources and just plain copying like you have done is frowned upon

flagged for plagiarism
https://moneymorning.com/2021/09/03/lucid-stock-prediction-2025-936-revenue-growth/

how do I site again it has been some years since I have posted the proper way to site?

You could start by posting your own thoughts and pictures

People would be more interested if you posted pictures from where you live

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