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Is Lucid Stock a Buy After Better-Than-Expected Earnings?

TheMotleyFool

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Is Lucid Stock a Buy After Better-Than-Expected Earnings?: https://g.foolcdn.com/editorial/images/787473/lucid_air_pure_hamptons_w_talent_house_frt_3qtr_aerolt_20in_g_e2_no-talent_social.jpg

Shares of electric vehicle maker Lucid (NASDAQ: LCID) have had a mostly downhill ride since the company's market debut, falling over 90% from their 2021 price peak.

However, the company has made substantial progress since 2021. Its first model, the Air luxury sedan, has received wide acclaim. A big SUV will join the lineup by the end of this year.

Lucid's second-quarter results -- reported Aug. 5 -- were better than expected, but it's still a long way from profitability. But it has a plan to get there, and a big investor with deep pockets.

Source Fool.com

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