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Lucid Stock Q1 2022 Preview: Prepare For A Weak Showing

May 03, 2022 2:00 PM ETLucid Group, Inc. (LCID)AMZN, INTC, NFLX, TSLA28 Comments


  • The automotive industry faces a tough earnings season ahead of worse-than-expected production challenges and market volatility.
  • First quarter global auto production volumes are currently about 3% lower than previous consensus estimates, adding risks to 2022 guidance initially provided by OEMs earlier in the year.
  • Lucid will not be spared either, with production volumes expected to come in at a weak pace for the first half of the year.
  • But the company is well-prepared for ramping up production in the second half when some of the supply chain challenges are expected to ease.
  • Paired with continued progress on its longer-term growth roadmap, which includes continued expansion of its product line-up and availability overseas, the stock remains a favourable investment pick at current levels for those with patience.

La Jolla, CA: Lucid Motors Showroom at Westfield UTC Mall

JannHuizenga/iStock Unreleased via Getty Images

The first quarter has largely remained a struggle across the broader automotive industry, as OEMs continue to take the brunt of the blow from protracted supply chain snarls ranging from component shortages to logistics headwinds. The pandemic-era disruptions to supply chains have

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of LCID either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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