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Friday, December 3, 2021

To The Moon: Is LCID Inventory The Actual Deal?

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Electrical automobile maker Lucid Motors (LCID) – Get Lucid Motors Report has not too long ago delivered third quarter outcomes. The corporate reported important stability sheet enchancment and a considerable improve in buyer reservations, regardless of reporting web losses of roughly half a billion {dollars}.

As some of the common tickers on among the essential dialogue boards on the internet, retail traders appear able to make the most of LCID’s momentum.

(Learn extra from Wall Road Memes: Palantir Inventory: What’s Subsequent as The Meme Crowd Follows Wall Road’s Lead?)

Lucid Q3 submit earnings evaluate

Lucid’s Q3 EPS didn’t beat consensus estimate, however traders most likely care little concerning the backside line at this level. Extra importantly, Lucid Motors’ administration confirmed pleasure within the first quarter for the reason that SPAC merger. The highlights included increased buyer reservations at 13,000, suggesting an order ebook of $1.3B. Peter Rawlinson, CEO & CTO of Lucid, mentioned:

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