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Stock impact report

Is Lucid Motors Stock Going to $0? [Yahoo! Finance]

Lucid Group, Inc. (LCID) 
Company Research Source: Yahoo! Finance
But there's a big risk involved. 10 stocks we like better than Lucid Group › Is Lucid Group (NASDAQ: LCID) stock going to zero? If that headline got your attention, I'm glad. While Lucid has made some of the best electric vehicles (EVs) we've seen yet, the company itself is still a long way from profitability. That makes it vulnerable amid the ongoing uncertainty around the near-term trend of EV sales, particularly in the United States, where most Lucids are sold. "Lucid will muddle through and get to profitability eventually," you might say. And you might be right. As a fan of Lucid's products, I certainly hope so. But there's one thing that could send Lucid stock to zero in a hurry, and it's something that investors need to keep at the forefront of their minds. Lucid has a big investor with very deep pockets: Saudi Arabia's Public Investment Fund (PIF). It's the country's sovereign wealth fund, with around $925 billion in assets under management. PIF owns about 60% of Show less Read more
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