Why It's Time to Abandon Lucid Stock

It's good to have friends in high places. That is certainly what Lucid Group (NASDAQ:LCID) thinks. The Saudi Arabian government's sovereign wealth fund Public Investment Fund (PIF) just injected the luxury electric vehicle maker with another $1.5 billion in cash, which gives it enough money to survive through the fourth quarter of 2025. Yet, it's also a sign that retail investors should sell Lucid stock. It is clear the automaker can't sell enough cars to make it on its own without outside assistance. At so ...