Lucid: Buyers Must Be Convinced Of Its Recession Resilience

Apr. 24, 2023 10:00 AM ETLucid Group, Inc. (LCID) StockLCID1 Comment
Juxtaposed Ideas
14.14K Followers

Summary

  • LCID has missed its own production/ delivery estimates again, based on the FQ1'23 annualized numbers.
  • Depending on the volatile macroeconomic environment and auto loan default rates, we may see the stock further retest its support levels ahead.
  • Combined with the potential recession by H2'23 and recovery only by 2025, we reckon LCID's execution may remain challenged, worsening its cash burn.

Recession Warning Green Road Sign Over Dramatic Clouds and Sky.

Feverpitched

The Recession May Impact LCID's Execution

With the Fed already predicting a mild recession in H2'23 and recovery only by 2025, Lucid's (NASDAQ:LCID) intermediate-term prospects were made even more uncertain due to the intensifying EV price war.

All

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14.14K Followers
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