So I finally added the Lucid $LCID-2.3% to my portfolio last week and I'm glad I did. In addition, news came today that Lucid is preparing to enter the world's largest automotive market, China.
Lucid Group, Inc.
LCIDCapital Structure
Market Cap
7.8B
Enterpr. Val.
8.1B
Valuation
P/E
-2.8
P/S
12.6
I'm really glad I picked up on this before the expansion. China, in my opinion, could be enough to revitalize this company and especially its revenue 🚀.
It doesn't look like much to me either... in china, they'll go up against $NIO+3.7%, and that's not gonna be fun...
You have my admiration, I see too many risks
Good luck. This company is not for me. From the looks of it I don't like the chart and their earnings are really bad. I can't see the details, but if they are losing over 200% of what they make, that's really high.
Less than 3% in the premarket, not bad. But honestly I would have expected a higher increase on a report like this. I like Lucid Air a lot, but I don't know if it's enough.
If you believe them and find the numbers appealing, why not. To me it's risky and I don't see much room for growth there, they are a drop in the ocean when compared to the competition.
Suicide 😀 I'll take it speculatively for $2, not even China can save this zombie company, they have a dozen other lines to choose from now.