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Lucid (LCID) Stock Is Trading Near Its Lows. Is It Finally Time to Buy? [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
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. 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: Lucid. Why did Lucid's stock crash? Lucid's public debut generated a lot of buzz for three reasons. First, it was led by Tesla 's (NASDAQ: TSLA) former chief vehicle engineer, Peter Rawlinson. Second, it targeted the luxury market with its high-end Air sedans rather than going head-to-head with Tesla. Lastly, it claimed its annual vehicle deliveries would reach 20,000 in 2022, 49,000
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