Lucid: Possibly Bottomless Pit If Buyers Refuse To Return


  • Lucid’s premium positioning has likely not worked out well as macro headwinds intensified. As a result, we assessed that the market is likely pricing in a weak Q4.
  • With the Fed likely to keep financial conditions tight to combat elevated inflation rates, Lucid’s demand outlook in 2023 could face significant headwinds.
  • Investors appear to have shunned pure-play EVs, with leader Tesla’s remarkable slide impacting the industry.
  • Perhaps the saving grace could be the highly oversold breadth and momentum indicators. But buyers need to demonstrate conviction now to stun the bears.
  • Otherwise, more pain cannot be ruled out.
Lucid Air Electric Car


Pure-Play EV Makers Getting Hammered

The bearish case for Lucid Group, Inc. (NASDAQ:LCID) has strengthened in the near term after its languid FQ3 earnings release in early November. Pure-play EV start-ups have continued to be dragged down by Tesla’s (

Disclosure: I/we have a beneficial long position in the shares of TSLA 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.

Do you want to buy only at the right entry points for your growth stocks?

We help you to pick lower-risk entry points, ensuring you are able to capitalize on them with a higher probability of success and profit on their next wave up. Your membership also includes:

  • 24/7 access to our model portfolios

  • Daily Tactical Market Analysis to sharpen your market awareness and avoid the emotional rollercoaster

  • Access to all our top stocks and earnings ideas

  • Access to all our charts with specific entry points

  • Real-time chatroom support

  • Real-time buy/sell/hedge alerts

Sign up now for a Risk-Free 14-Day free trial!

Leave a Reply

Your email address will not be published. Required fields are marked *