Should You Buy the Dip on Lucid Group Stock?
2022 was a brutal year for electric vehicle (EV) companies, and Lucid Group (NASDAQ: LCID) hasn't escaped the carnage. With its share price down 80% over the last 12 months, the upstart automaker has lost a massive amount of value. Let's explore whether it's time to buy the dip or avoid the stock because of the risk of continued downside.
Founded in 2007 and hitting public markets in 2021, Lucid Group is an electric automaker focused on the high-end side of the market. The company's luxury focus gives it a solid niche in this competitive industry, positioning its products as a higher-status alternative to lower-priced electric sedans produced by companies like Tesla.
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Source Fool.com
