Lucid Group (NASDAQ: LCID) has been a divisive stock since its public debut last July. The bulls will point out that the electric vehicle (EV) maker is led by Peter Rawlinson, a former Tesla (NASDAQ: TSLA) engineer who worked on the Model S, and that its debut vehicle, the Lucid Air, can travel much farther on a single charge than Tesla's Model S Long Range. The bears will note that Lucid recently recalled most of its delivered vehicles over a suspension issue, broadly missed analysts' sales expectations in its fourth quarter, slashed its full-year shipment forecast for 2022 by 30% to 40%, and postponed the upcoming launch of its Gravity SUV. Read More...
Lucid Group (NASDAQ: LCID) has been a divisive stock since its public debut last July. The bulls will point out that the electric vehicle (EV) maker is led by Peter Rawlinson, a former Tesla (NASDAQ: TSLA) engineer who worked on the Model S, and that its debut vehicle, the Lucid Air, can travel much farther on a single charge than Tesla’s Model S Long Range. The bears will note that Lucid recently recalled most of its delivered vehicles over a suspension issue, broadly missed analysts’ sales expectations in its fourth quarter, slashed its full-year shipment forecast for 2022 by 30% to 40%, and postponed the upcoming launch of its Gravity SUV.
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