#7 - Lucid Motors (NASDAQ:LCID)
The last two stocks on this list are best left to speculative investors with a high-risk tolerance. That’s because neither of these companies currently has a product in the market. The first of the two companies is Lucid Motors (NASDAQ: LCID).
Lucid is among the most hyped EV stocks of 2021. One reason for that is that it is currently one of the most well-capitalized companies in the sector. However, in its first weeks of trading, LCID stock is finding there to be a healthy amount of skepticism. Some of which is because the company came forward via a special purpose acquisition company (SPAC).
Still, there’s a lot of hype built into LCID stock and it’s up to the company to deliver. It claims that it is still on schedule to begin production of its first vehicle, the Lucid Air, in late 2021. If they do, this stock will look like an absolute steal at $22.75.
About Lucid Group
Lucid Group, Inc a technology company, designs, engineers, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems. It also designs and develops proprietary software in-house for Lucid vehicles. The company sells vehicles directly to consumers through its retail sales network and direct online sales, including Lucid Financial Services.
Read More - Current Price
- $2.17
- Consensus Rating
- Hold
- Ratings Breakdown
- 1 Buy Ratings, 7 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $3.16 (45.4% Upside)
