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Should You Buy Lucid While It's Below $13?

TheMotleyFool

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Should You Buy Lucid While It's Below $13?: https://g.foolcdn.com/editorial/images/847214/lm24_gravity-aurora_1082_v2.jpg

Shares of Lucid (NASDAQ: LCID) have fallen by 50% to under $13 over the past year as a broader pullback on some electric vehicle stocks has been underway. After such a substantial drop, some investors may be wondering whether now would be a good time to buy.

While that significant plunge may make it seem like a deal, there are some good reasons to avoid Lucid stock right now. Here are three of them.

Image source: Lucid.

Source Fool.com

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