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Stock impact report

Where Will Lucid Stock Be in 1 Year? [Yahoo! Finance]

Lucid Group, Inc. (LCID) 
Company Research Source: Yahoo! Finance
Trump's victory, with its stock down by roughly 10% since Nov. 5. This is likely because Trump's administration plans to end the $7,500 consumer tax credit for EV purchases and may ease the regulatory pressure to transition to EVs, which could make Lucid's cars even more expensive for consumers. (Source: Reuters) The easing of government pressure to transition to EVs could actually help Lucid's business by making the industry less competitive, giving smaller companies like Lucid more room to establish their brands and bring their business models to maturity. (Source: Article) Lucid's most pressing concern for the next 12 months will likely be getting the cash it needs to stay in business, which it may achieve through capital raises, involving issuing and selling more units of stock. (Source: Article) Lucid plans to drive growth through new model releases, such as its Gravity SUV, which is expected to begin production late this year, and has a strong relationship with the governm Show less Read more
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