Is Lucid Group a Millionaire Maker?
Lucid (LCID) The Motley Fool·2024-08-18 21:31
It's time to assess Lucid's prospects after Saudi Arabia's latest investment saved the day. The automotive business is a tough game, but Lucid Group (LCID -1.25%) apparently makes a good product. Its flagship model, the Lucid Air, has garnered great reviews, and the company has a new SUV model coming soon. However, Lucid has struggled with sharp losses while it tries to grow production levels high enough to sustain the business financially. Investors recently received great news when Lucid announced it had ...