8 Billion Reasons to Avoid This EV Stock
Electric vehicle manufacturer Lucid Group (NASDAQ: LCID) recently filed paperwork to sell up to $8 billion worth of securities to raise money as it builds up its factory production.
Lucid's need for new cash isn't ideal, but it's understandable; building high volumes of vehicles is hard and expensive. However, investors should look closer because there are some red flags in this latest announcement that should make you pause before buying the stock.
Here are three big problems I see.
Source Fool.com
