Is Lucid Group Stock a Buy Now?
Lucid Group (NASDAQ: LCID) is a premium electric vehicle (EV) manufacturer that has captured attention with its innovative automotive offerings. The company has made noteworthy advancements in EV technology, especially with the Lucid Air and the upcoming Lucid Gravity SUV.
Lucid's long-term growth potential in the EV market is promising. The company is making solid progress, and its new SUV could be a game changer. That said, the EV maker has faced significant financial challenges, including the need for ongoing cash infusions from investors. If you're thinking of investing in Lucid, consider the following first.
Lucid Group attracts an affluent customer base with its premium automotive brand. It offers the Lucid Air Pure, which has 430 horsepower and a range of 420 miles per charge. At $69,900, this model is Lucid's more affordable option.
Source Fool.com
