Lucid: Perfect Thanksgiving Gift


  • Lucid reiterated its annual production forecast for 2022.
  • Lucid is opening reservations for the Lucid Gravity in 2023.
  • Even though the stock has seen a big valuation haircut this year, the market rightfully models substantial sales growth moving forward.
Lucid Air Touring sedan display at the Service Center. Lucid Motors is a manufacturer of luxury EV Electric Vehicles.

jetcityimage/iStock Editorial via Getty Images

Lucid Group (NASDAQ:LCID) has seen its valuation cut by roughly three-quarters in 2022 as the investment landscape shifts and investor sentiment shifts away from electric-vehicle companies. As a result, Lucid’s valuation has been reduced by 74% this year.

Having said

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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