Will Lucid Be the Breakout Stock for 2022?
The number of electric vehicle (EV) manufacturers is quickly growing, and stock buyers are looking hard at which could ultimately become winning investments. Investment dollars have piled in, giving lofty valuations to companies that have yet to bring in any revenue, let alone profits.
Lucid Group (NASDAQ: LCID) has become one investor target, partly because it has potential and has yet to stumble at the starting line. Lucid came through with its promise to begin delivering products to customers before the end of 2021, and investors think there is plenty of potential for growth opportunities. While it already has a market cap of nearly $70 billion, 2022 could still be a true breakout year for the stock.
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Source Fool.com