![]() Over the years, the company expanded its efforts by developing complete powertrain systems. Can this meme stock become the next Tesla? About Lucid Motors Stockįounded in 2007 as Atieva, Lucid Motors started life as a humble EV battery manufacturer. This month we’ll analyze Lucid Motors ( LCID) stock. Last month, we wrote about how Rivian ( RIVN) was a risky play on EVs. While there are plenty of contenders vying to be “the next Tesla,” two other electric vehicle ( EV) makers have suddenly shot to the top. Most of Tesla’s astronomical value has come since 2019. ![]() To be clear, neither is a prudent investment strategy, but such is the market today. Tesla stock is half meme, half the future of transportation – a mix of hype and the potential to change the world. As of this year, it entered rarefied air – one of just five companies ( including Microsoft) valued at $1 trillion or more. Five years ago, Tesla sported a market cap of nearly $35 billion. We may soon have to tweak that platitude and swap Microsoft with Tesla ( TSLA). You’d do nearly as good buying a lottery ticket with your luckiest numbers. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.Regular readers know that one of our mantras is that you can’t invest in the market with the intention of finding the next Microsoft. Stocks and commodities are more normally bought and held for longer. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.ĬFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. But with traditional trading, you buy the assets for the full amount. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.ĬFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. You can still benefit if the market moves in your favour, or make a loss if it moves against you. The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD. ![]() The difference between trading assets and CFDs “Lucid’s Air sedan is already the longest-range EV, even ahead of Tesla ( TSLA) in some areas,” Charles Coldicott, an analyst at Redburn said. Michaeli is not the only one having lucid dreams about LCID stock. Fundamentally, we are constructive on the Lucid story and its position in the EV/car of the future theme.” Itay Michaeli, an analyst at Citi group ( C) said: “We rate Lucid shares a buy/high risk. With its software update underway, it seems that experts are also optimistic on the stock. The forecast of 12,000 to 14,0000 cars, was already a reduction from the original plan of 20,000 Lucid Air cars for this year.īut LCID is attempting to claw back some credibility and is rolling out its largest software update yet, by introducing UX 2.0, which will include improvements throughout its flagship car the Air sedan and will have features such as instant-on glass cockpit, panel displays and the launch of Highway Assist. The reason given was that LCID has faced “ extraordinary challenges in the supply chain and logistics”. US30 US Wall Street 30 (USA 30, Dow Jones)
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