Tesla Rival Lucid Motors Prepares For Q2 Earnings: Is LCID Poised For A Rebound?

As Lucid Group Inc. (NASDAQ:LCID) gears up to announce its Q2 earnings on Monday, investors and analysts are scrutinizing the stock's recent performance and technical indicators to predict its next move. Wall Street is expecting Lucid to report a negative 26 cents in EPS and $182.52 million in revenue as the company reports after market hours.With Lucid's stock down significantly over the past year, the market is keen to see if the upcoming earnings report could spark a revival, similar to what we have witnessed with its rival, Tesla Inc.‘Not All EVs Are Born Equal’Over the past year, Lucid's stock is down 53%, and the year-to-date performance is also grim with a 27% drop. However, there's been a recent uptick, with a 3.2% gain over the past month, signaling a potential turnaround.This optimism was partially fueled by CEO Peter Rawlinson‘s announcement regarding the rollout of the first pre-production Gravity EV from the Arizona factory, signaling the company’s ambitious strides in the EV market.The Gravity SUV, Lucid's upcoming luxury electric vehicle, boasts a range of up to 440 miles and is priced under $80,000, making it a competitive offering in the EV landscape. Rawlinson’s LinkedIn post exuded confidence, stating, "Not all EVs are born equal," hinting at Lucid's commitment to quality and innovation.Charts Point To A Strongly Bearish Trend for Lucid StockLucid’s current stock price sits ...Full story available on Benzinga.com

As Lucid Group Inc. LCID gears up to announce its Q2 earnings on Monday, investors and analysts are scrutinizing the stock's recent performance and technical indicators to predict its next move. Wall Street is expecting Lucid to report a negative 26 cents in EPS and $182.

52 million in revenue as the company reports after market hours . With Lucid's stock down significantly over the past year, the market is keen to see if the upcoming earnings report could spark a revival, similar to what we have witnessed with its rival, Tesla Inc . Over the past year, Lucid's stock is down 53%, and the year-to-date performance is also grim with a 27% drop.

However, there's been a recent uptick, with a 3.2% gain over the past month, signaling a potential turnaround. This optimism was partially fueled by CEO Peter Rawlinson ‘s announcement regarding the rollout of the first pre-production Gravity EV from the Arizona factory, signaling the company’s ambitious strides in the EV market.

The Gravity SUV, Lucid's upcoming luxury electric vehicle, boasts a range of up to 440 miles and is priced under $80,000, making it a competitive offering in the EV landscape. Rawlinson’s LinkedIn post exuded confidence, stating, "Not all EVs are born equal," hinting at Lucid's commitment to quality and innovation. Lucid’s current stock price sits at $2.

83, presenting a complex technical picture ahead of its earnings release. The stock is currently below its 5, 20, and 50-day exponential moving averages, i.