Lucid Motors Faces Turbulence as Demand SlumpsLucid Motors ( NASDAQ:LCID ), backed by Saudi Arabia's investments, finds itself grappling with challenges as it slashes prices amid a slowdown in demand. The company's recent revenue report has raised eyebrows, indicating a bumpy road ahead.
Amidst the swirling currents of the electric vehicle market, Lucid Motors ( NASDAQ:LCID ) stands as a beacon of ambition and innovation. However, recent developments suggest that even the most promising ventures can face turbulent waters. The Saudi Arabia-backed company, known for its cutting-edge Air sedans, has been forced to make tough decisions as demand softens and revenue falls short of expectations.
Last week, Lucid Motors ( NASDAQ:LCID ) made headlines as it announced a significant price reduction for its Air sedans. This move was a strategic response to dwindling demand in an industry experiencing a noticeable slowdown. Despite initial excitement surrounding Lucid's ( NASDAQ:LCID ) sleek and high-performance vehicles, consumers seem to be hesitating amidst concerns over cost and market saturation.
The decision to slash prices underscores the delicate balance Lucid Motors ( NASDAQ:LCID ) must strike between maintaining profitability and stimulating demand. In an increasingly competitive landscape, where legacy automakers and new startups alike vie for market share, pricing strategies can make or break a company's prospects. For Lucid ( NASDAQ:LCID ), the challenge lies in navigating this terrain while staying true to its vision of delivering premium electric vehicles that redefine the driving experience.
However, pricing adjustments are just one piece of the puzzle. Lucid Motors ( NASDAQ:LCID ) recently released its fourth-quarter revenue report, and the numbers paint a sobering picture. Revenue came in at $157.2 million, falling short of analysts' expectations, which averaged $179.9 million according to LSEG data. This revenue miss underscores the broader challenges facing the company as it grapples with a slowdown in deliveries and consumer reluctance to commit amidst high costs.
The discrepancy between projected and actual revenue highlights the unpredictable nature of the electric vehicle market. While Lucid Motors has made significant strides in technology and design, translating these advancements into sustained profitability remains a formidable task. The company's ability to ramp up production, streamline operations, and capture market share will be crucial in determining its long-term success.
Despite these challenges, there are reasons for cautious optimism. Lucid Motors ( NASDAQ:LCID ) boasts a talented team of engineers and designers, a state-of-the-art manufacturing facility, and a strong financial backing from Saudi Arabia's sovereign wealth fund. Additionally, the company's recent entry into the public markets via a SPAC merger has provided it with the necessary capital to fuel its growth ambitions.
Looking ahead, Lucid Motors ( NASDAQ:LCID ) must focus on executing its strategic vision while remaining agile in response to market dynamics. This will require a delicate balance of innovation, cost management, and customer engagement. As the electric vehicle market continues to evolve, Lucid Motors ( NASDAQ:LCID ) has the potential to emerge as a leading player. However, the road ahead is fraught with challenges, and success will ultimately hinge on its ability to navigate the currents of change with skill and determination.
LCID trade ideas
LCID - Looks Bearish Ahead Of EarningsIs looking bearish in the short term here ahead of Earnings.
Notice we had a bearish upper wicked candle (first arrow) to complete the bearish ascending wedge and it recovered to print another wave up that has seen heavy sell pressure with a long wicked Shooting Star (arrow) and now a bearish momentum shakeout (arrow).
So the current chart pattern for this area is bearish overall and it could go quite a bit lower from here.
However LCID is deep here and it has already hit our long term 2.272 target (client only).
So its not out of the question that LCID could have a positive earnings and see an huge gap up as we have seen with other stocks.
Earnings can be quite a lottery and there can be wild moves at trend extremities.
Equally we could see a large bearish move through earnings and there is a risk that it could be the start of the next wave down to lower fibs.
This one looks very dicey here so I have taken small profit and 100% exited.
As I keep saying; there is so much on the menu currently that there is no need to take unnecessary risk.
If earning is bullish then i've lost nothing and best of luck to LCID buyers.
But if its bearish then will will have evaded loss and may even get a deeper buy down the road.
This looks dangerous - we'll see ๐คจ.
LUCID the stock that no one likeLUCID is highly undervalued here in the 3$ zone
Most top funds hold a large % in their portfolio, wonder why? no brainer why, super undervalued, sentiment negative, in a great demand zone. Once the down-trend channel shifts, a nuke candle will come to zone $15 - 17
Then re-accumulation phase happens with taking profit and then the next run-up starts with price discovery breaking ATH probably by 2025.
In summary, 2024 bounces levels for stocks/crypto while 2025 is the real bull-run and price discovery start but people won't see these low prices after Q2 of 2024.
Remember financial markets are highly volatile, bear in mind the risk of trading.
LCID SHORT on VWAP rejecting price rise.In my previous idea of January 29, I bought LCID as it broke out of a falling wedge on news from
Saudi Arabia fixing supply chain and production issues for body parts. LCID ascended the
following day to fall down on rejection from the mean VWAP band line anchored in mid-
December. On the 4H chart, another smaller and more condensed falling wedge is found
and price is moving down toward the one standard deviation line below the mean VWAP ( the
jagged blue line ) which is now horizontal. The last candle is red and narrow bodied. It is near
the top of the channel. Trade plan- I will short LCID here and add to the position each time
price returns to the top of the channel as monitored on a lower time frame such as 15-45
minutes. I will watch for a reversal of the down-trending lines of the zero-lag MACD
and a cross at the bottom. Similarly for the RSI indicator and its green fast and red slow line
in the range of RSI value of 20-35. Likewise, if price rises above the channel in an early
breakout, the trade is over as the downtrend is correcting again. If the price were to break
resistance of the mean VWAP zone, this would represent a break of the down supertrend and
could cause a bit of a short squeeze to get underway. If I see that, I will get into a long
position with more position size as it could become lucrative.
LUCIDLucid Group, Inc. (LCID), a company focused on electric vehicle technologies, has been demonstrating positive momentum in the market. Despite the company's recent challenges, including production and delivery hurdles, Lucid has shown resilience. Analysts currently hold a "Hold" rating on the stock, with a 12-month price target of $6.41, indicating a significant potential upside from its current price.
The company's stock has experienced notable volatility, with its 52-week range fluctuating between $2.54 and $13.04. As of the latest data, Lucid's stock is showing signs of bullish patterns, which could be indicative of underlying positive developments or anticipated good news, possibly related to earnings or other corporate announcements.
Given this context, a trading strategy for Lucid could involve setting a stop loss to manage risk effectively. With the current market trends and analysts' forecasts, potential target prices could be set at $4, $5, and a more ambitious target if the stock continues its upward trajectory.
These targets should be approached with caution, keeping in mind the inherent volatility and speculative nature of the stock. Regular monitoring of the company's performance, market trends, and any forthcoming news or earnings reports is crucial for timely decision-making in trading strategies.
Dr Saud
Dead Cat Bounce For EV's OR Short Term Bottom???I have been watching all EV makers closely and this hard gap down after weeks of downside makes me believe there is a short term bottom with these big names. I think all of other tech stocks will fall come Wednesday and EV makers will continue to climb higher against the market.
LCID analysis โฐ let's discuss :-: Hello ๐ it's me your RAJ ๐ professional trader โจ
This idea ๐ก
is completely my own analysis to explain situation _&_ market conditions of NASDAQ:LCID
How this chart valid for long term ๐ explained clearly based on technical #TA ๐ #DYOR
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Frankly speaking ๐ฃ๏ธ I am full time trader in Crypto ๐ฎ part time in stocks to save my money ๐ฐ
Based on my friend request , i am doing ๐ analysis โฐ based on technical analysis #TA
I don't know it's fundamental and some other things to measure this as potential or bad stock based on technical i will talk ๐ฆ
If u have experience and good knowledge in stock market especially usstock
Pls let me know about this company NASDAQ:LCID it helps me to check price in other conditions
:-) let's go ๐
In my opinion || chart ๐๐ looking too bad // continues downfall
Best area enter is ::๐ $2.6 - $4.1 ๐
Best area to exit ๐ฏ :: $5.3 - $10.4 - $17 - $34
Stop ๐ when price goes below $2.5 weekend candle close below Invalid ๐ to invest
Don't use 100% liquid ๐ฐ it's high risk , so prefer 5-10% liquid ๐ฐ on ur portfolio
Let me know points to consider on this stock , so i work and i will submit u those
๐ I always do analysis on crypto stocks _&_ large cap // rest of things i don't know much
__________________________________________________________________________________________
๐ชฉ disclaimer :
โถ๏ธ TQ u for supporting ๐ follow idea ๐ก get updates everytime โฐ when I updated ๐
Note ๐
๐ keeping comments , reacting with emojis , pointing us is very easy to some people
They think ๐ฌ what they see ๐ that was knowledge ๐
We need to learn market in many ways and should get adopted with experience, TECHNICAL ANALYSIS won't help understanding market structure and understanding bull ๐ and bear ๐ป is more important
Economical conditions
Fundamentals
Technical
News
Sentiments
Checking macro to micro having good plan and build it is very important โบ๏ธ
Some Times market easily turn suddenly bear // bull ๐คฃ even we need to catch ๐ซด those movements is also very important โบ๏ธ ๐
I hope i cleared my view ๐ if any points if I miss I will add in update ๐ post
Try to understand, try to learn - try to move with flexibility with market is important
Have good day ๐
Lucid Motors Liquidity GapIt would appear that LUCID GROUP is facing a sell off based on bad new, dilution of shares, lack of consumer demand. However, based on technical, it would appear to be a very aggressive sell-off it was a sell-off. Not beneficial to not allow for market to recover in regards to liquidity. Based on the aggressive downside moves, the probability of a cat bounce appears very high and I am honestly amazed at the open interest on puts that could look to be burnt.
3$ options expiring this week are trading at $.08 a contract at the moment and if there is any level of volatility to the bull side, the out of the money 3$ strike will flip into the money and dominoing into an extreme level of gamma exposure on the short side.
People shorting need to close their position at some point, like also contributing to the large put open interest which could be contracts shorted with shorted equity.
Lucid Group Inc. (NASDAQ:$LCID) Are the Bulls Tired?After its efforts to boost sales NASDAQ:LCID seems to be Bullish. However, the 200-day Moving average is trading above the 50-day moving average.
There is no clear cut to which NASDAQ:LCID will move to but the bears are willing to takeover from the bulls.
The Bears have been pushing the share price lower, and the stock still appears to have downward momentum. This is a negative sign for the stock's future value.
LCID - Lucid Long positionI have been following this stock for a while due to someone losing a lot of money on it.
This descending triangle has been catching my eyes. With the recent news with Riyadh Airline, I would confirm that LCID may see a potential growth for next while.
Even though the targets are far away, I am keeping this posted as a proof to this friend :).
if you make banks from this stock, remember to reach out :D
It reminds me of Tesla early beginningsLucid has been majority-owned by Public Investment Fund, the sovereign wealth fund of Saudi Arabia.
PIF, which owns more than 60% of the company, has agreed to buy 265.7 million shares in a private placement for about $1.8 billion, Lucid said.
Though it burned through around $3.6 billion over the past 12 months, Lucid still has almost $5 billion of cash and similar investments.
Don't Talk To Me About... LUCID UNTIL..I only want to hear about LCID once it breaks this trenline... this company keeps getting MILKED and anyone who invested ever after IPO is under water... what a shame. Once this trendline break then I will consider a long and yes 100% with a stop-loss.
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