Lucid Group: Buy, Sell, or Hold?
The electric vehicle (EV) market is mature enough to have split into several segments. One of the signature companies occupying the luxury end of said market is Lucid Group (NASDAQ: LCID), whose sleek and future-friendly Air sedan currently retails for a cool $77,400... and that's just for the base model.
Despite some lifts in their share prices recently, EV companies and their stocks have generally been on a rough ride for months now. EV sales growth is dipping, and the Federal Reserve doesn't seem as eager to cut its key interest rate as it once did. Compounding that, Lucid as a company has problems of its own. So, let's evaluate whether the stock is a buy or a bye these days.
Lucid didn't exactly barrel into 2024 on a breezy and confident note. In early January, it divulged its fourth-quarter and full-year 2023 production and delivery figures; these weren't satisfying.
Source Fool.com
