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Is Lucid Group Stock a Buy?

TheMotleyFool

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Lucid Group (NASDAQ: LCID), the American electric vehicle (EV) maker that went public by merging with a special purpose acquisition company (SPAC) earlier this year, recently became one of the most talked-about stocks on Reddit's WallStreetBets (WSB) subreddit.

The latest catalyst was Lucid's initial batch of customer deliveries for its custom "Dream Edition" Lucid Air EVs in late October. Lucid started producing the vehicles at its factory in Casa Grande, Arizona in September.

Lucid's first shipments should silence some of the bears, but is it still too early to buy the stock and assume it can replicate Tesla's (NASDAQ: TSLA) huge gains?

Source Fool.com

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