From Nasdaq: 2024-09-14 09:30:00

Lucid Group (NASDAQ: LCID) falls short of delivery targets, struggles with supply chain issues, and stock plunges 80% over three years. Stock is backed by Saudi Arabian investors and plans expansion, expecting revenue to rise 28% in 2024. Stock currently reasonably valued at 5 times next year’s sales compared to Tesla’s 7 times. Lucid seeks ambitious growth but faces pricing, losses, and insider selling concerns. Invest with caution.



Read more at Nasdaq: Lucid Stock: Buy, Sell, or Hold?