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The Biggest Reason to Buy Lucid Stock

TheMotleyFool

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Lucid Group (NASDAQ: LCID) shareholders have had a rough ride recently. Shares fell so low earlier this year that the company executed a 1-for-10 reverse stock split in August -- only to see the shares fall even further in the months since.

Part of the problem is an ongoing backlash against electric vehicles and EV stocks. That isn't a surprise after years of hype. But part of the problem has been Lucid's execution -- while its EV technology is arguably the best in the business, sales have been stalled.

That's finally changing, and it might be a good reason to buy the stock now.

Source Fool.com

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