It wouldn't be an exaggeration to call Lucid Group (NASDAQ: LCID) one of the hottest electric vehicle (EV) stocks out there right now. After popping 46% in October, Lucid shares are already up an astounding 43% in just the month of November so far. As of this writing, Lucid is commanding a market capitalization of nearly $85 billion, blowing past Ford and way ahead of Nio's (NYSE: NIO) $65 billion in market cap.
As exciting as its journey has been, it's easy to see why some investors are already feeling nervous about Lucid, even calling it a hyped stock. Sure, the company's electric cars are making heads turn, but Lucid has barely started delivering its first car, called the Air, and hasn't even given out its first official revenue numbers. Then again, you simply can't ignore a company that's considered a real threat to Tesla (NASDAQ: TSLA), can you?
It's a tight battle between bulls and bears right now, and you'd want to dive deep into both sides of the story before deciding for or against buying Lucid shares. Hear out what these Lucid bulls and bears have to say.
Source Fool.com