Down 20% This Year, Is Lucid Stock Finally a Buy?

From Yahoo Finance: 2025-04-26 14:35:00

Lucid Group (NASDAQ: LCID) experienced a tumultuous start to the year, with the founder resigning, record quarterly deliveries, and capital raising. Despite a 20% dip in stock price, Lucid achieved five straight quarters of record deliveries and saw a 58% increase in deliveries in Q1. However, a $1 billion convertible debt raise and revenue guidance below expectations contributed to investor concerns.

Lucid is facing uncertainty due to tariffs and capital raises but is gaining momentum with the launch of its Gravity SUV. The company is expanding by acquiring Nikola’s headquarters and electric truck factory, in addition to beginning consumer deliveries of its electric SUV. Lucid plans to launch a midsize crossover in 2026 targeting mainstream luxury buyers.

Investing in Lucid is risky due to cash burn, limited vehicle offerings, competition, and political uncertainty. However, the company’s advanced technology, high-quality products, and upcoming vehicle launches offer growth potential. Long-term investors with a high risk tolerance may find Lucid worth considering.



Read more at Yahoo Finance: Down 20% This Year, Is Lucid Stock Finally a Buy?