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Stock impact report

Is Lucid Stock a Buy Now? [Yahoo! Finance]

Lucid Group, Inc. (LCID) 
Company Research Source: Yahoo! Finance
Although earnings are negative right now, Lucid is moving in the right direction. 10 stocks we like better than Lucid Group › Lucid Group (NASDAQ: LCID) makes all-electric vehicles, including both a sedan and an SUV. That said, it is really just a start-up in what is a highly competitive and capital-intensive industry. It is hitting important milestones and increasingly looks like it may be an industry survivor. But is it worth buying? In some ways there's nothing particularly differentiating about Lucid. When Tesla (NASDAQ: TSLA) started making electric vehicles (EVs) it was really the only player in the space. Tesla effectively proved that EVs were a viable consumer product. Now every major automaker is making EVs and so are a large number of upstarts, like Lucid, that are trying to follow in Tesla's footsteps. So, Lucid is really just one of many companies trying to catch a little bit of Tesla's lightning. That said, there have been many upstarts in the space that have fla Show less Read more
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