$Lucid Group Inc(LCID)$ Summary Our thesis on Lucid has always been about its production ramp. However, given the worsening COVID lockdowns in China, we believe its FY22 production guidance is at risk. In its Q1 earnings card, management also highlighted that its guidance is predicated on improved supply chain visibility in China from May. LCID stock is also testing a critical support level. If buyers fail to hold, it could face a steep selloff to force capitulation. Therefore, we revise our rating on LCID stock from Buy to Hold until we get clearer visibility in China. I do much more than just articles at Ultimate Growth Investing: Members get access to model portfolios, regular updates, a chat room, and more. A key takeaway from its Q1 pr

Shares of electric vehicle maker Rivian Automotive $Rivian Automotive, Inc.(RIVN)$ have been spiraling lower at such a rapid rate that even the company’s most faithful investors are beginning to doubt whether there will be any success in its future.The Irving, Texas-based startup has lost more than $120 billion in market value in the four months since it went public on Nov. 10, in one of 2021's biggest, most watched IPOs.