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Lucid (LCID) Stock Is Trading Near Its Lows. Is It Finally Time to Buy?

Source: Motley Fool

2026-03-06 11:03:48 ET

Lucid (NASDAQ: LCID) , which went public through a 2021 merger with a special purpose acquisition company (SPAC), was once a hot EV stock . In November of that year, its stock closed at a record post-merger high of $57.75 per share.

Today, Lucid's stock trades below $10. Let's see why it lost its luster, and if it's a worthwhile investment for contrarian investors.

Image source: Lucid.

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