Lucid Motors (LCID) recently experienced a reverse stock split, causing a sell-off in the stock. Despite this, LCID has gained 5% over the last five days, trading near pre-split levels. The company is down 36% for the year and faces challenges in the EV market. With backing from Saudi Arabia’s Public Investment Fund, analysts are not bullish on LCID, but the stock may have a potential upside. The U.S. EV adoption rate lags behind China, and Lucid must increase deliveries to improve profitability. Partnerships with Uber and Aston Martin could boost sales and margins for Lucid. Amid industry turmoil, LCID remains a risky but potentially rewarding investment.

Read more at Yahoo Finance: Can LCID Still Go Higher?