Lucid's Future Shaky, 2 More EV Makers At Risk of Bankruptcy, Warns Analyst After Lordstown's Fall
Portfolio Pulse from Shanthi Rexaline
Analyst Gary Black has expressed concerns about the future of Lucid Group, Nikola Corp., and Workhorse Group, warning that they could face bankruptcy if they don't make necessary changes. This follows Lordstown's recent Chapter 11 filing. Lucid is struggling to sell its $100,000 EV sedans, while Nikola and Workhorse are facing production and liquidity challenges. Despite these concerns, Lucid's stock saw a 5.25% increase at the end of Wednesday's trading session.
June 29, 2023 | 5:59 am
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NEGATIVE IMPACT
Lucid Group is struggling to sell its EV sedans and could face bankruptcy if it doesn't make necessary changes.
Lucid Group is struggling to sell its EV sedans, which could lead to financial difficulties and potential bankruptcy. Despite this, its stock price increased, indicating that investors may still have confidence in the company.
CONFIDENCE 80
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Nikola Corp. is facing production and liquidity challenges and could face bankruptcy if it doesn't make necessary changes.
Nikola Corp. is facing production and liquidity challenges, which could lead to financial difficulties and potential bankruptcy. The company needs to make necessary changes to avoid this outcome.
CONFIDENCE 80
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Workhorse Group is facing production and liquidity challenges and could face bankruptcy if it doesn't make necessary changes.
Workhorse Group is facing production and liquidity challenges, which could lead to financial difficulties and potential bankruptcy. The company needs to make necessary changes to avoid this outcome.
CONFIDENCE 80
IMPORTANCE 100
RELEVANCE 100