Lucid: Underrated Despite Revenue Expectations And Production Ramp

Summary:

  • Lucid Motors expects to grow production ~100% YoY in 2023.
  • Market sentiment has turned against EV companies lately, including Lucid Motors.
  • I still think that patience will be rewarded for long-term-focused investors.

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David Becker

Lucid Group, Inc. (NASDAQ:LCID), an electric vehicle manufacturer, has projected a 14K vehicle production volume in 2023, representing a 100% YoY increase. The forecast is conservative, but there is room for improvement if supply-chain uncertainty is reduced throughout the year.

Moving Averages

Moving Averages (Stockcharts.com)

Sales Performance

Sales Performance (Lucid Motors)

Revenue Estimate

Revenue Estimate (Yahoo Finance)


Disclosure: I/we have a beneficial long position in the shares of LCID either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.


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