Is Lucid Stock a Buy?

Lucid Group (NASDAQ: LCID) is making waves in the luxury electric vehicle (EV) market with an impressive driving range that sets it apart from competitors. The company made its public debut just three years ago and is positioning itself as a challenger to Tesla with its upscale EVs.However, the journey hasn't been without its hurdles. The ramp-up in production has taken longer than anticipated, and the company has had to secure additional capital several times to sustain its operations. After peaking at $57.75 per share in late 2021, Lucid's stock has declined by 96% and is now trading at around $2 per share.If you are considering purchasing shares of this struggling electric vehicle company, there are some important things you should know first.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool