Should You Buy Lucid While It's Below $5?
Lucid (LCID) The Motley Fool·2024-09-01 21:30
Lucid makes impressive EVs, but it's still trying to find its production footing. Electric vehicle stocks rocketed to new heights just a few years ago, Lucid Group (LCID 1.51%) included, as cheap money fueled new investments in EVs. But when interest rates rose and vehicle costs ballooned, most EV stocks fell back to Earth. Lucid's share price is down about 80% over the past three years, putting its shares under $5 right now. At that price, is now a good time to buy Lucid? Let's take a look at what's going ...