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Down 20% This Year, Is Lucid Stock Finally a Buy?
It's been a wild start to the year for Lucid Group (NASDAQ: LCID) investors. Founder and former CEO Peter Rawlinson resigned and will take on a consulting role. And the company posted record quarterly deliveries, raised capital, strategized around new tariffs, and capitalized on consumers fleeing the Tesla brand.To say it's been active is an understatement. But sorting through all the near-term noise, Lucid finds itself with momentum as its Gravity SUV begins deliveries. Is the electric vehicle (EV) stock finally a buy now?You might think with Lucid stock trading 20% lower year to date that financial data coming from the company would be negative, but that isn't the case. In fact, Lucid is coming off five consecutive quarters of record deliveries and substantial progress in gross margins.Continue reading
It's been a wild start to the year for Lucid Group (NASDAQ: LCID) investors. Founder and former CEO Peter Rawlinson resigned and will take on a consulting role. And the company posted record quarterly deliveries, raised capital, strategized around new tariffs, and capitalized on consumers fleeing the Tesla brand.
To say it's been active is an understatement. But sorting through all the near-term noise, Lucid finds itself with momentum as its Gravity SUV begins deliveries. Is the electric vehicle (EV) stock finally a buy now?
You might think with Lucid stock trading 20% lower year to date that financial data coming from the company would be negative, but that isn't the case. In fact, Lucid is coming off five consecutive quarters of record deliveries and substantial progress in gross margins.
