The rise of electric vehicles has spurred a rush of new automotive start-ups to race to market, chasing 's success. Lucid Group (NASDAQ: LCID), which went public in 2021 backed by Saudi Arabia's public investment fund, is among them.

Lucid's debut model, the Lucid Air, received critical acclaim for its design, but building enough of them has proven challenging. Does a good product mean enough to make a company worth investing in? Or does Lucid's poor execution in recent quarters warrant looking elsewhere?

Here is what's happening with Lucid, and whether investors should buy, sell, or hold shares.

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Source Fool.com