Lucid’s Stock Price Still in Reverse Hosted by MarketBeat StaffMay 13, 2024 ShareLink copied to clipboard. Play video for Lucid’s Stock Price Still in ReverseDetailsGuestsLucid’s NASDAQ: LCID stock price has been down-trending since 2021, and it is not over. The Q1 results aren’t horrible, but they did nothing to improve the outlook for growth, market domination, or profits. The results frightened the market because spending is rising, and profitability is as elusive as ever. Because competition in the EV market is heating up, cost is among the largest factors driving consumers, and Lucid cars are expensive EVs, it is unlikely Lucid will change direction soon.Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioLCIDLucid Group2.1285 of 5 stars$2.36-6.7%N/A-1.76 Add This Stock to My Watchlist Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeatElon’s Terrifying Warning Forces Trump To Take ActionElon Musk has avoided two major financial crises before. He pulled Tesla and SpaceX back from the brink of col...American Hartford Gold | Sponsored7 Defensive Stocks to Shield Your Portfolio from Inflation Inflation is an unavoidable consequence of a market-based economy. 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Hosted by MarketBeat StaffMay 13, 2024 ShareLink copied to clipboard. Play video for Lucid’s Stock Price Still in ReverseDetailsGuestsLucid’s NASDAQ: LCID stock price has been down-trending since 2021, and it is not over. The Q1 results aren’t horrible, but they did nothing to improve the outlook for growth, market domination, or profits. The results frightened the market because spending is rising, and profitability is as elusive as ever. Because competition in the EV market is heating up, cost is among the largest factors driving consumers, and Lucid cars are expensive EVs, it is unlikely Lucid will change direction soon.Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioLCIDLucid Group2.1285 of 5 stars$2.36-6.7%N/A-1.76 Add This Stock to My Watchlist Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeatElon’s Terrifying Warning Forces Trump To Take ActionElon Musk has avoided two major financial crises before. He pulled Tesla and SpaceX back from the brink of col...American Hartford Gold | Sponsored7 Defensive Stocks to Shield Your Portfolio from Inflation Inflation is an unavoidable consequence of a market-based economy. In the best case, inflation is fueled by ...MarketBeatWarning: “DOGE Collapse” imminentElon Strikes Back You may already sense that the tide is turning against Elon Musk and DOGE. Just this week...Altimetry | Sponsored7 Dividend Achievers That Have Strong UpsideDividend stocks give investors the benefit of receiving consistent, passive income inside a growth investment....MarketBeatTrump’s Bitcoin Reserve is No Accident…Bryce Paul believes this is the #1 coin to buy right now The catalyst behind this surge is a massive new b...Crypto 101 Media | Sponsored8 Retail Stocks to Own For the Long HaulAfter the 2020 e-commerce boom, everyone thought we had taken a 10-year leap in online shopping. Amazon was op...MarketBeat
