Behind the video
THIS is VERY Bullish for Lucid 🔥 EV Demand Excepted to GROW │ Lucid Stock Analysis
Overall Thesis
Lucid is up 4.66% driven by a bullish $3 analyst target from John Murphy and a broader EV demand growth forecast of +4.8% in January despite Trump, with the stock technically breaking above the 100/200-day moving averages and the speaker seeing more upside ahead.
Narratives
LCIDLucid MotorsJohn Murphy (54% success rating, longtime Tesla bull) issued a $3 price target, which the speaker reads as bullish given Murphy's Tesla bias — suggesting he sees Lucid at a discount vs. current price. EV sales forecast of +4.8% for January 2025 despite Trump's anti-EV stance is bullish for overall sector demand. The stock is now above both 100 and 200-day MAs, signaling real technical improvement. Shorts are increasing 798K but the stock is absorbing it, showing underlying strength.
Key Arguments
- John Murphy $3 PT from a Tesla bull suggests Lucid genuinely discounted at current levels
- EV demand forecast +4.8% January 2025 despite EV mandate removal — demand is resilient
- Stock broke above 100 and 200-day moving averages — meaningful technical breakout
- Lucid ending complimentary Electrify America charging after Dec 31, 2024 signals cost discipline
Risks acknowledged
- RBC (Tom) gave $2 hold rating after hours Friday
- Bears anticipating sub-$2.50 — options still showing significant bearish activity