Lucid Group: Buy, Sell, or Hold?

22.12.24 18:23 Uhr

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2,84 EUR 0,27 EUR 10,63%

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21.289,2 PKT 178,7 PKT 0,85%

Lucid Group (NASDAQ: LCID) is an emerging company in the electric vehicle (EV) space that has caught the attention of investors since its merger with a special purpose acquisition company (SPAC) three years ago. Its luxury EVs boast an impressive driving range, and the company is looking to take on industry giants like Tesla.While Lucid stands to gain from the growing long-term demand for electric vehicles, its journey to production hasn't been without hurdles. After reaching a peak of $57.75 per share in late 2021, Lucid's stock has seen a steep decline of 95%, currently trading under $3 per share.If you're thinking of scooping up shares of this promising electric vehicle company, consider the following.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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