Retail traders have been interested in investing in electric vehicle (EV) stocks, for a long time, and several have gone public with a blank-check vehicle known as a SPAC. Lucid Group, Inc. (NASDAQ:LCID) posted its quarterly earnings data on Wednesday, February, 22nd. The market has evolved, and Lucid has the advantage of being a latecomer as well. We help you to pick lower-risk entry points, ensuring you are able to capitalize on them with a higher probability of success and profit on their next wave up. Moreover, NIO (NIO) and XPeng (XPEV) stock are trading at 4.2x and 4.4x, respectively. Therefore, optimism surrounding LCID stock is expected. The company employs 7,200 workers across the globe. Where Tesla stands to lose a lot of market share, we think Lucid can step in and dominate. Lucid Group Inc., an electric-vehicle startup, is now crossed Ford Motor Co. in market value. Now we're planning as a default to do that in-house, and we're building the team. He articulated: One example for the speed of Tesla: They handle the chip shortage very well the reason: they are developing their own software. To achieve this, it invests in its research and development initiatives, reporting $186.1m for R&D expenses for Q1 2022 11% higher than its outlay of $167.4 in Q1 2021. If it doesnt, the stock will fall. Lucid Groups cash used in operating activities grew by 126% to account for costs associated with phase-2 of its EV production facility. How can I listen to Lucid Group's earnings call? 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lucid Group in the last year. For all intents and purpose, in five years, Lucid will be where Tesla was around 2019 or 2020. And that makes Lucids job much easier. It will expand into Europe and the EMEA (Europe, Middle East, and Africa) region this year, then enter China -- which is already heavily saturated with domestic and foreign EV makers -- in 2023. With management espousing such an auspicious view of the future, does this mean that EV investors should drive off with an investment and park the stock in their portfolios? (from Lucid's FQ3'21 earnings call). If You Do This, You Won't Have to Worry About Them, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. What Will Lucid Stock Be Worth In 5 Years. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. The Motley Fool has a disclosure policy.
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