Lucid: Stunning Recovery From A Ridiculous Selloff


  • Lucid delivered a pleasant surprise in January as it surpassed its production guidance.
  • Therefore, it forebodes well for Lucid in 2023, benefiting from its engineering and premium positioning.
  • Saudi Arabia’s Public Investment Fund is also a significant backer. Investors shouldn’t understate the immense scale of Lucid’s largest shareholder.
  • After a ridiculous decline toward its January lows, LCID has recovered nearly 40% through its highs last week.
  • Should Lucid investors jump back in if they missed its January lows?

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Lucid Group, Inc. (NASDAQ:LCID) showed that it could deliver, as it posted Q4 production that lifted its FY22 production well ahead of the top end of its revised guidance range.

Lucid’s outperformance was in stark

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.

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