Buying Lucid shares-WWNEED.COM
Shares of Churchill Capital Corp. IV, located in the United States, witnessed a dramatic rise in January, after the public learned that it would offer Lucid Motors. The deal is the largest of its kind in history, raising up to $4.5 billion in new capital, which investors hope will be used to make Lucid the biggest domestic threat to Tesla in the electric vehicle market. This article will inform you of everything related to buying, investing in, and trading shares in Lucid.
Lucid’s financial situation
Like any startup in a niche sector, Lucid’s financial situation still needs to grow. But nevertheless, the company told investors that reservations for its cars had exceeded 11,000, which would equate to nearly $ 1 billion in potential sales, in addition to that it had begun building more than 100 semi-finished copies of its Air Sudan model in its new factory in Arizona, and that it It will start shipping this model by the end of the year.
Lucid expects to deliver 20,000 vehicles by the end of this year, achieving sales of $2.2 billion, with revenues rising to $5.5 billion and $9.9 billion in 2023 and 2024, respectively.
Should you buy shares in Lucid?
Lucid CEO Peter Rawlinson stated, “I truly believe we have the technology to enable us to put the competition out of Tesla, giving us a very safe runway to get the factory ready and go on Project Gravity.” These combative words indicate that Lucid is indeed looking to become one of the big names in the field of electric vehicles.
The company started trading publicly in July of this year and its shares have skyrocketed since then by over 350%. Let’s take a closer look at some of the indicators that may tell you whether it is a good idea to buy and invest in Lucid stock.
bull market
What should be noted before investing in Lucid stock is that it belongs to one of the largest growing industries in recent times. Electric vehicle purchases now account for 26% of new sales in the global auto market, and these numbers are expected to continue to rise in the future. These numbers and projections confirm continued demand growth, thus paving the way for an all-electric future.
Lucid also boasts a rich history in battery technology, as the company currently supplies batteries to the world’s first electric racing car series, in addition to the experience of the company’s management team, its CEO has worked in the industry for more than 30 years as a member of the team of senior engineers who have worked on Tesla’s Model S.
Lucid received an impressive boost this week when its first production model, the Lucid Air, was awarded the prestigious MotorTrend Car of the Year awarded in 2022. This was the first time in the history of the award that a company had won the title with its debut.
Lacking significant capital, Lucid may fall victim to global supply chain issues that wreak havoc on companies around the world. While CEO Peter Rawlinson expressed his confidence in achieving the company’s noble goal of producing 20,000 cars in 2022, he added that this goal is not without risks and challenges facing the automotive industry, in addition to global turmoil affecting supply chains and services. Logistics.
Despite the tremendous growth that characterizes the electric car market, it is the last to have its share of fierce competition. Rivian rose to become the world’s third most valuable automaker by market capitalization a few weeks after its debut, ahead of other giants such as Volkswagen, Ford and Tesla.
So, should you buy shares in Lucid?
Lucid has several key characteristics that attract investors who are looking for stocks to buy, it operates in a high growth market, it has excellent leadership, and it offers a product that could lead the market. But remember that investing is a personal matter, so you must determine your goals and your willingness to take risks before you decide to buy shares in Lucid.
Lucid stock trading
Lucid went public in 2021 via a reverse takeover carried out by private takeover firm Churchill Capital IV. If you want to take some profits if the company is doing well, or take advantage of downside moves if the stock is down, the steps below will show you how to trade Lucid stock.
Buy Lucid shares
- Log in to your trading account
- Search for “Lucid Motors”
- Select the purchase option
- Determine your position size and choose a limit of the risk you can take
- Open and watch your trade
Short selling Lucid stock
- Log in to your trading account
- Search for “Lucid Motors”
- Select the sell option
- Determine your position size and choose a limit of the risk you can take
- Open and watch your trade
How to analyze lucid stock
Since the company is going public, the Lucid stock market may be volatile for some time before the acquisition is completed. It is important to use both technical analysis, which is concerned with chart patterns, technical indicators, and price movement, and fundamental analysis, which depends on the company’s fundamentals, including its net revenues or profit and loss data, before making a trading decision.
Summary
Lucid certainly looks promising, and it could compete with some of the best electric car makers on the market, but that doesn’t mean it will face a host of hurdles that could affect production. Experts believe that it is better to stay on the sidelines when it comes to investing in Lucid shares, until the company can fulfill part of the promises it made.
If you are keen to invest in the electric vehicle industry, there are other, safer stocks that you can choose.
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