Can LCID Stock Beat the Market?
Remember when Wall Street considered Lucid Group (NASDAQ: LCID) a possible future competitor to (NASDAQ: TSLA)? It may seem like ancient history now, but at the height of the early 2020s "EV mania," investors considered the electric vehicle maker a "Tesla killer" in the making.
Flash forward to now, and few, if any, still hold this view. Lucid has fallen short of expectations in terms of vehicle sales, not to mention profitability. Not surprisingly, this resulted in steep declines for shares.
Shares have significantly underperformed the S 500. Worse yet, this trend is likely to continue. In large part, due to Lucid's ongoing share dilution spiral.
Source Fool.com
Tesla Inc Stock
€290.80
-0.800%
Currently there is a rather positive sentiment for Tesla Inc with 106 Buy predictions and 39 Sell predictions.
As a result the target price of 409 € shows a positive potential of 40.65% compared to the current price of 290.8 € for Tesla Inc.
