Is Lucid Stock a Buy Now?

Lucid Group (NASDAQ: LCID) makes all-electric vehicles, including both a sedan and an SUV. That said, it is really just a start-up in what is a highly competitive and capital-intensive industry. It is hitting important milestones and increasingly looks like it may be an industry survivor. But is it worth buying?

In some ways there's nothing particularly differentiating about Lucid. When (NASDAQ: TSLA) started making electric vehicles (EVs) it was really the only player in the space. Tesla effectively proved that EVs were a viable consumer product. Now every major automaker is making EVs and so are a large number of upstarts, like Lucid, that are trying to follow in Tesla's footsteps.

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Source Fool.com