LCID - 5 Things to Know Before Buying Lucid Stock
2024-07-14 07:34:00 ET
Lucid (NASDAQ: LCID) stock has had quite a ride since its debut. It peaked at around $58 per share in 2021, before production of the company's EVs got underway in earnest. And while the company's Air luxury sedan has received rave reviews, its sales have been underwhelming -- and like many other electric vehicle stocks , its share price has fallen over 90% from those lofty 2021 heights.
But where do things stand for Lucid now, in 2024? If you like the car (I do), and you've thought about buying the stock while it's cheap, there are some things you should know. Here are five.
The Lucid Air, an electric luxury sedan with thrilling performance, has impressed critics since its debut. But high prices and a market turn away from sedans has limited its sales. Image source: Lucid.
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5 Things to Know Before Buying Lucid Stock