Did an SEC Investigation Put This Hot EV Stock on Sale?
Shares of Lucid Group (NASDAQ: LCID) tumbled earlier this month after the company said it had received an inquiry from the Securities and Exchange Commission. The sell-off wasn't surprising, given how scandals have pummeled other electric vehicle start-ups over the last year -- but was it justified?
In this Motley Fool Live video, recorded on Dec. 9, Industry Focus host Nick Sciple and Motley Fool senior auto industry specialist John Rosevear look at what Lucid actually said about the SEC's inquiry, and why this isn't likely to to play out like the situations at Nikola (NASDAQ: NKLA) and Lordstown Motors (NASDAQ: RIDE) after scandalous behaviors were revealed at those companies.
A transcript follows the video.
Source Fool.com
