Is Lucid Group Stock a Buy Now? [Yahoo! Finance]
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Source: Yahoo! Finance
Lucid is collaborating with Nvidia to develop Level 4 autonomous vehicles and has secured a $300 million investment from Uber to deploy 20,000 self-driving Lucid Gravity SUVs. 10 stocks we like better than Lucid Group › There was much hype when Lucid Group (NASDAQ: LCID) went public a few years ago. Investors viewed the luxury electric vehicle (EV) maker as a potentially bold new challenger to Tesla , poised to ride the wave of EV adoption. The company's ambitious vision, cutting-edge technology, and sleek designs had captured attention. However, things haven't gone as planned. After an initial surge in 2021 that saw the stock reach impressive heights, momentum has faded, and Lucid's stock is now down 98% from its all-time high. The optimism that once surrounded the company has waned as investors focus on execution, competition, and evolving EV adoption rates. As Lucid Group looks to regain its footing and get back on track, here's what investors should know about it before b
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