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Lucid Stock Forecast: Is Growth Coming? Don't Even Think About It (NASDAQ:LCID)
Our thesis on Lucid has always been about its production ramp. Read more to find out why we believe the FY22 production guidance for LCID is at risk.
seekingalpha.com
- Our thesis on Lucid has always been about its production ramp. However, given the worsening COVID lockdowns in China, we believe its FY22 production guidance is at risk.
- In its Q1 earnings card, management also highlighted that its guidance is predicated on improved supply chain visibility in China from May.
- LCID stock is also testing a critical support level. If buyers fail to hold, it could face a steep selloff to force capitulation.
- Therefore, we revise our rating on LCID stock from Buy to Hold until we get clearer visibility in China.
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