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0 -0.000491883915396043 -0.00196753566158382 0.000491883915395869 0.00787014264633547 0.0157402852926709 0.0152484013772749 0.0152484013772749
Stock impact report

Lucid Is Down More Than 50% in the Past Year, but Here's Why the Stock Could Turn Things Around [Yahoo! Finance]

Lucid Group, Inc. (LCID) 
Company Research Source: Yahoo! Finance
Electric vehicle (EV) company Lucid Group (NASDAQ: LCID) hasn't been a good buy in recent years, and that's putting it lightly. Its valuation today is a fraction of what it was when it first went public, nearly five years ago. And even over the past 12 months, the stock has still incurred massive losses of more than 50%. But the good news is that there can potentially be a contrarian case to be made at this stage for investing in the company. While it's still a risky investment, here's why the automotive stock might have the potential to turn things around in the future. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Image source: Getty Images. The company plans to scale and diversify its business EVs have typically catered to higher-income consumers, but Lucid is looking at making them more affordable, Show less Read more
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