So today I am going to talk about Lucid and a potential idea. This is a stock that I am extremely excited about and I don’t get too excited about many long-term holds. In fact, I was pretty excited for Leslies pools last year but it was a total dud.
I think, eventually (within 3 years), Lucid Motors trades to $150-$200/share. You can learn why (if you care) by joining our Mastermind Group.
Aside from that, I love trading this stock and actively traded it in 2021.
In fact, I owned the LEAPs for it and sold them, and plan to get back in.
Lucid has a few key things that I like right now:
Momentum based stock
Shift to EV space is growing (includes investors in this space)
The stock has some wild runs when it starts to go
I think this is the one EV co (aside from Mercedes) that challenges Tesla