Is Lucid Stock a Buy?
Lucid Group (NASDAQ: LCID) is making waves in the luxury electric vehicle (EV) market with an impressive driving range that sets it apart from competitors. The company made its public debut just three years ago and is positioning itself as a challenger to with its upscale EVs.
However, the journey hasn't been without its hurdles. The ramp-up in production has taken longer than anticipated, and the company has had to secure additional capital several times to sustain its operations. After peaking at $57.75 per share in late 2021, Lucid's stock has declined by 96% and is now trading at around $2 per share.
If you are considering purchasing shares of this struggling electric vehicle company, there are some important things you should know first.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 126 Buy predictions and 45 Sell predictions.
With a target price of 389 € there is a slightly positive potential of 11.29% for Tesla Inc compared to the current price of 349.55 €.
