Why Lucid Motors Stock Surged Higher This Week
LCIDLucid (LCID) The Motley Fool·2024-09-13 21:45

Lucid teases a new midsize crossover starting under $50,000. This year has been a struggle for many early-stage electric vehicle (EV) companies. Competition has grown, giving consumers more options in several vehicle segments. Lucid Group (LCID 4.22%) is one that has struggled to achieve high-volume sales as general EV sales growth has slowed globally. That's led to a 33% decline in the stock over the last year. But Lucid is on the verge of launching its first offering outside of the luxury sedan segment. T ...