The company's stock is down for the year. LCID stock is down from its peak. Electric vehicles are in high demand. Many companies in the space find it hard to meet their production goals. Supply chain and logistical issues were cited as the reason for the lowered production guidance. Between 6,000 and 7,000 vehicles are expected to be produced by the company.
MarketBeat.com - MarketBeat The company went public in 2020. LCID stock jumped to over $50 a share after the launch. Expectations of strong EV demand pushed the stock past $50 in late 2021, even though it fell back.
The near-term outlook for all EV companies is being weighed by macroeconomic realities. You have diamond hands if you held LCID stock at its peak. The article will try to explain if you should keep holding onto the company.
It's normal to say that there is a lot of demand for a product or service. One argument I would hang my hat on is if you are bullish on the company. Up to 2 million barrels a day will be cut by the Organization of the Petroleum Exporting Countries. That will cause the price of gas to go up, which will make the case for electric vehicles even better.
Electric vehicle manufacturers are dealing with supply chain delays as they relate to Semiconductor chips. Production costs are going up due to inflation. It's going to be more expensive to raise capital for the company.
It's a certainty that we'll raise capital. The company had $4 billion in cash and $2 billion in long-term debt. This isn't a problem that's unique to Lucid, but it raises questions about when the company will achieve profitability
J.D. Power released a study about public charging for electric vehicles. Customer satisfaction with public charging stations was decreasing. Even though there were more charging stations, this was happening. The shortage of public charging stations is the main reason why EV adoption is not happening.
It is ironic that this infrastructure will take fossil fuels which are getting more expensive. It is not clear what that means for some of these projects.
The willingness to adapt to new information is required for investing in emerging sectors. The world is moving towards electric vehicles, and that won't change. Making cars is a capital intensive business and has low margins.
The capital a company needs to become a profitable business can be hard to find. I don't know if that's the future that lies ahead of the company, but I do know that it isn't. That has nothing to do with the business plan.
Other companies were talking about it. This isn't a company that's not delivering. The company is targeting its vehicles at a group of people who are less sensitive to inflation.
Even though the markets say otherwise, most of us have at least one or two stocks that we hold with conviction. I'm not here to tell you that LCID stock won't work out. Managing your position size is an appropriate course of action since the reality of electric vehicles is butting up against the realities of an ailing economy.
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