Lucid: Buy The Bottom This Black Friday

Nov. 25, 2022 1:32 AM ETLucid Group, Inc. (LCID)166 Comments

Summary

  • Lucid is an undervalued hypergrowth company in the lucrative EV segment.
  • The company has enormous revenue growth potential and should eventually become highly profitable.
  • Lucid has illustrated the ability to mass-produce vehicles, and deliveries should surge in the coming years.
  • Moreover, the company has a new SUV scheduled to go into production next year.
  • Lucid's revenues should increase substantially, driving its stock price significantly higher.
  • Looking for a helping hand in the market? Members of The Financial Prophet get exclusive ideas and guidance to navigate any climate. Learn More »

Lucid Air Electric Car

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Lucid's (NASDAQ:LCID) Air is a remarkable vehicle, notably the Dream Edition. The performance version delivers 1,111 horsepower, nearly 500 miles of range, and a relatively inexpensive $169,000. Where else can you buy a fantastic EV with a supercar-like performance below $200K? The only company

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This article was written by

Victor Dergunov profile picture
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The #1 Service For Diversified Portfolio Profits

Hi, I'm Victor! It all goes back to looking at stock quotes in the old Wall St. Journal when I was a kid. What do these numbers mean, I thought? Fortunately, my uncle was a successful commodities trader on the NYMEX, and I got him to teach me how to invest. I bought my first actual stock in a company when I was 20, and the rest, as they say, is history. Over the years, some of my top investments include Apple, Tesla, Amazon, Netflix, Facebook, Google, Microsoft, Nike, JPMorgan, Bitcoin, and others.

Disclosure: I/we have a beneficial long position in the shares of LCID, TSLA 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.

Additional disclosure: I am long a diversified portfolio with hedges.

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