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Submission: On September 19 via manual from CA — Scanned from CA
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Released: Discover “The Next NVIDIA” Get the FREE Report Skip to content City Data Centers Crime by State Cost of Living by State Population and Demographics by State Crime by State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Cost of Living by State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Population and Demographics by State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Technology Apps & Software Consumer Electronics Telecom & Wireless Trending HAS APPLE SOLD 20 MILLION IPHONE 15S? Investors face a difficult problem. How do they handicap iPhone... Investing Analyst Upgrades Bankruptcy Buffett Corporate Governance Corporate Performance Dividends and Buybacks Earnings ETFs and Mutual Funds International Markets IPOs and Secondaries Mergers and Acquisitions Personal Finance Rumors Value Investing Trending 5 SIZZLING CATHIE WOOD ARK INVESTMENT STOCKS TRADE... These are five stocks for aggressive investors looking to get... Economy Government Regulation Housing Jobs Trending THE STATE WITH THE HIGHEST DIVORCE RATE Almost 700,000 people get divorced each year, causing havoc with... Special Report Brands and Products Cities Countries States Trending THESE AMERICANS OWN THE MOST GUNS: EVERY STATE RANKED Gun ownership is a constitutional right in the United States,... Investing LUCID PENNY STOCK STATUS ALMOST 2 YEARS OLD pamela_d_mcadams / iStock via Getty Images Douglas A. McIntyre Published: September 17, 2024 6:40 am 24/7 Wall St. Insights * Lucid Group Inc. (NASDAQ: LCID) has been a penny stock for almost two years. * The stock has underperformed the broader market in that time. * Also: Dividend legends to hold forever. Lucid Group Inc. (NASDAQ: LCID) has been a penny stock (under $5) for almost two years, and it should never have traded above that. The stock of the deeply troubled electric vehicle (EV) company was down approximately 10% this year, while the S&P 500 was 18% higher. The share price is 77% lower in the past two years, while the S&P 500 is up 45%. Lucid has been unable to escape the fact that it is a tiny player in an industry whose growth has unexpectedly slowed. It delivered only 2,394 vehicles in the second quarter and expects to do no more than 9,000 this year. It has revenue of only $200 million and a loss of $643 million, which adds to a long string of quarters with red ink. In an era when the race is to produce a $25,000 EV to lift the industry from its doldrums, Lucid’s cars cost $80,000. They have unspectacular ranges of less than 400 miles on a single charge. An investment of $1.5 billion from the Public Investment Fund of Saudi Arabia is not enough to sustain it. Are These 3 EV Stocks Good to Invest in This Year? “THE NEXT NVIDIA” COULD CHANGE YOUR LIFE NVIDIA has returned 250-fold in the past 10 years as artificial intelligence took off. But if you missed out on NVIDIA’s historic run, your chance to see life-changing profits from AI isn’t over. The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009 just published a brand-new research report named “The Next NVIDIA.” The report outlines key breakthroughs in AI and the stocks ready to dominate the next wave of growth. The report is absolutely free. Simply enter your email below Get Report Now -- Its Free >> Check Your Email! “The Next NVIDIA” Report is Being Sent to Your Inbox Right Now By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you. You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use. Read more: Investing, electric vehicles, Lucid stock Thank you for reading! Have some feedback for us? Contact the 24/7 Wall St. editorial team. LATEST FROM 24/7 DOES LOUD MUSIC BOTHER STARBUCKS CUSTOMERS? OPENDOOR HAS PLUNGED, BUT IS NOW THE TIME TO BUY? 3 BEST HIGH-GROWTH MID-CAP STOCKS TO BUY IN SEPTEMBER 2024 6 TOP PENNY STOCKS ON ROBINHOOD Home About Us Disclaimer and Terms of Use Privacy Policy Contact Us Advertise © 2024 24/7 Wall St. ✕ Do not sell or share my personal information. 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