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2 Auto Stocks to Steer Clear of the Rest of 2022

Despite soaring demand, the auto industry faces challenges, such as high inflation, semiconductor chip shortage, and supply-chain disruptions. Moreover, the high cost of charging EVs and a lack of charging infrastructure have been marring the industry’s growth. Therefore, we think investors should steer clear of Lucid Group (LCID) and Fisker…

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The Red Flags Continue to Mount for These 3 Stocks

The raging inflation and the Fed’s aggressive interest rate hikes have weighed on investors’ sentiments lately. And with growing recession fears, we think investors should avoid Lucid Group (LCID), SoFi Technologies (SOFI), and Bed Bath & Beyond (BBBY), given their bleak fundamentals. Read on….

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3 Heavily Shorted Stocks to Stay Away From This Fall

The major market indexes have been under pressure since the beginning of the year due to macroeconomic and geopolitical concerns. This has significantly benefitted short-sellers. However, since the market is expected to remain uncertain, it could be wise for investors looking to bottom fish to stay away from heavily shorted…

StockNews.com

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5 Stocks to Sell Before Things Get Even Uglier

August’s CPI report revealed that inflation is far from being eased, enhancing the odds of another big Fed rate hike next week. With stubbornly high prices and tumbling market sentiment, it could be wise to sell fundamentally weak stocks Lucid Group (LCID), Plug Power (PLUG), AMC Entertainment (AMC), Peloton Interactive…

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The 5 Worst EV Stocks You Should Not Buy in 2022

Although EV demand is growing, the industry is riddled with charging infrastructure and semiconductor chip shortage issues. Therefore, we believe it could be wise to avoid fundamentally poor EV stocks Lucid Group (LCID), Nikola (NKLA), Canoo (GOEV), Workhorse Group (WKHS), and Mullen Automotive (MULN) this year. Let's discuss this in…

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3 Stocks to Avoid as the Meme Craze Makes Its Comeback

The meme craze is back in action after a lull for a few months. Several stocks have gained traction of late despite their weak fundamentals. With the stock market expected to remain under pressure in the upcoming months, it could be wise to avoid fundamentally weak meme stocks Lucid (LCID),…

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5 Stocks You Need to Sell Before Q4

Market volatility is widespread ahead of the Fed’s September rate hike. Moreover, experts are wary of the near-term market uncertainties. Given this volatile backdrop, it could be wise to avoid fundamentally weak stocks NIO (NIO), Twitter (TWTR), Lucid Group (LCID), DraftKings (DKNG), and AMC Entertainment (AMC). Keep reading….

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Are Lucid Group and Rivian Automotive Finally Worth Buying?

The EV market has faced significant challenges such as high inflation, semiconductor chip shortage, and persisting supply chain disruptions. Moreover, the lack of charging infrastructure will likely pressure the industry’s growth. Therefore, despite losing significantly this year, shares of fundamentally weak EV companies Lucid Group (LCID) and Rivian Automotive (RIVN)…

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Tesla Dominance Put To The Test: How EV Upstarts Lucid, Rivian, Fisker Stack Up In Q2 Results

Electric vehicle start-up Lucid Group Inc. (NASDAQ: LCID), and Fisker Inc. (NYSE: FSR) announced quarterly earnings on Wednesday, drawing comparisons to industry leader Tesla Inc.

Benzinga

2 EV Stocks Facing Major Challenges Right Now

Concerns such as inflation, semiconductor chip shortage, and supply-chain disruptions have posed significant challenges for EV manufacturers. Despite the pent-up demand, the industry is grappling with ways to cope with the production challenges. Given this backdrop, we think avoiding fundamentally weak EV stocks NIO Inc. (NIO) and Lucid Group (LCID)…

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Now Is the Time to Sell These 3 EV Stocks

The road to mainstream EV adoption seems to be lengthy. Moreover, the industry is still grappling with looming supply chain disruptions and a shortage of key raw materials. Given the industry headwinds, we think investors should avoid fundamentally bleak EV stocks Workhorse Group (WKHS), Rivian Automotive (RIVN), and Lucid Group…

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Is It Time to Pull the Plug and Sell These 3 Stocks?

Concerns over the Fed’s hawkish tilt to bring down price pressures and growing odds of the economy tipping into a recession have kept the stock market under immense pressure lately. Given an uncertain market backdrop, we think it could be wise to steer clear of fundamentally weak stocks Plug Power…

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2 Electric Vehicle Companies to Avoid in July

The electric vehicle (EVs) industry is growing but remains constrained by supply chain disruptions and the lack of EV charging stations. Moreover, rising recession fears have hampered consumer sentiment and could decelerate aggregate demand. So, fundamentally weak electric vehicle stocks Rivian Automotive (RIVN) and Lucid Group (LCID) are best avoided…

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Time To Drop These Beaten Down EV Stocks

Despite solid sales growth over the past year, the electric vehicle (EV) industry is grappling with supply chain issues and a shortage of key raw materials. As supply constraints are not expected to be eased anytime soon, fundamentally bleak EV stocks NIO (NIO) and Lucid Group (LCID), which have plunged…

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Benzinga

Lucid Launches Retail Location In Seattle

Lucid Group Inc (NASDAQ:LCID) has launched its first retail location in the Pacific Northwest at University Village in Seattle, Washington. With the latest opening, Lucid has 28 studio and service center locations open in North America. Lucid Studio University Village will be open to the public starting Saturday, June 25. "We have a…

Benzinga

Lucid Group Opens Retail Studio In Colorado

Electric car maker Lucid Group Inc (NASDAQ:LCID) has opened its first studio location in Denver, Colorado, at the Cherry Creek Shopping Center. The studio marks twenty-seven studios and service center locations open in North America. The Lucid Studio in Cherry Creek will be open to the public on June 18. "The state of…

Benzinga

Lucid Group Secures $1B Revolving Credit Facility

Lucid Group Inc (NASDAQ:LCID) has entered into a credit agreement with a syndicate of banks to provide a secured asset-based revolving credit facility with an initial committed amount of up to $1.0 billion. The facility also provides for uncommitted incremental revolving commitments of up to an additional $500 million. The ABL Credit Facility has…

Benzinga

Why Shares Of Lucid Group Are Trading Lower

Lucid Group, Inc. (NASDAQ: LCID) shares are trading lower Monday alongside several companies in the auto & auto component sector amid overall weakness as stocks continue to sell off following worse-than-expected May CPI data.

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Benzinga

Why Lucid Shares Are Diving Following A Warning From Tesla CEO Elon Musk

Lucid Group Inc (NASDAQ: LCID) shares are trading lower by 6.71% at $18.63.

Benzinga

Lucid Sets Stage For First Overseas Manufacturing Facility With Partners In Saudi Arabia

Lucid Group Inc (NASDAQ:LCID) has set the stage for constructing AMP-2, a production factory in Saudi Arabia with a capacity of 155,000 electric vehicles. The agreement is estimated to provide financing and incentives to Lucid up to $3.4 billion in aggregate over the next fifteen years to build and operate a manufacturing…

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Avoid These 5 Popular Stocks That Still Look Expensive

Concerns over a possible recession because of the Fed’s aggressive interest rate hike to control the surging inflation have led to massive selling pressure in the stock market over the past few weeks. Despite significant price declines, large-cap stocks Uber Technologies (UBER), NIO (NIO), Snap (SNAP), Lucid Group (LCID), and…

Benzinga

A Lucid EV Burnt Down In 3 Mins While Being Ferried Last Month: What Really Happened

A Lucid Group Inc (NASDAQ: LCID) Air Dream was burnt to a crisp within minutes last month while being transported in Bridgewater, Massachusetts, CarScoops

Benzinga

This Tesla Rival Looks To Expand Footprint Outside US Amid Demand For EVs

Lucid Group Inc (NASDAQ:LCID) is planning to launch its luxury electric sedans in Europe later in 2022, Reuters reported. The Tesla, Inc.(NASDAQ:TSLA) rival aims to expand its footprint outside the U.S. amid strong global demand for electric vehicles (EVs). The company plans to launch its Lucid Air Dream Edition P and R sedans…

Benzinga

Lucid To Hike EV Prices From June, Sticks To Lowered 2022 Target As Supply Issues Linger

Lucid Group Inc (NASDAQ: LCID) said on Thursday it would increase the prices of its electric vehicles from June and stick to its lowered production target for 2022 that it had provided in March due to supply chain issues.

Benzinga

What's Going On With Lucid Group Stock?

Lucid Group Inc (NASDAQ: LCID) shares are moving higher in Thursday's after-hours session after the company reported better-than-expected

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