LCID 2021 Q4 Earnings

[MidwestLucidDude]

Positive comments from Bank of America -

Looking ahead, Bank of America is still positive on Lucid (NASDAQ:LCID).

"Our Buy rating on LCID is predicated on our view that the company is one of the most attractive among the universe of start-up electric vehicle automakers and also a relative competitive threat to the universe of incumbent automakers. This is due to LCID’s innovative/competitive electric powertrain technology (endorsed by its battery pack supplier status in Formula E), interesting/attractive product (specifically in first model Air sedan and second concept model Gravity SUV), arguably intangible value in the form of the Lucid brand (targeting next-generation “post-luxury” consumer values), direct-to-consumer sales and service strategy to manage the customer experience, and a greenfield/clean-sheet approach to manufacturing electric platform/ vehicles."

LCID is expected to be a beneficiary of the automotive industry evolution towards electrification, even as the competitive landscape among both incumbents and entrants becomes increasingly fierce.

Bank of America reiterated a Buy rating on Lucid (LCID) and price objective of $60.

Good news is good news. But any news should always should be taken in context. $60? Sure, but when? Not this week. By the end of the year? We will have a couple more quarterly calls to help determine that. I do hear Elon Musk's voice ringing in my head saying, "Production is hard."

It was also kind of funny to see the news reports yesterday after the earnings call saying "Lucid stock slides hard and down 14% after production miss." No mention that it was up nearly 10% that day. Really the stock was down 4% day over day.