Lucid Investors Get Hit With Double Whammy
Lucid Group (NASDAQ: LCID) has had quite a roller-coaster ride through its limited history. It started out producing a high-quality sedan electric vehicle (EV) but continuously disappointed investors with production hiccups and disappointing deliveries. That's changed recently, and Lucid has been gaining momentum while rivals such as Rivian Automotive (NASDAQ: RIVN) deal with production snags of their own.
Let's take a look at the shifting momentum and two things that could make the company hit a speed bump.
About a year ago, Rivian arguably had more momentum than any EV maker, while Lucid continued to disappoint investors. But through 2024, the momentum slowly shifted in Lucid's favor as Rivian's deliveries stalled and Lucid started posting quarterly records.
Source Fool.com
