Is Lucid Stock a Buy After Better-Than-Expected Earnings?

Earnings were better than expected and a big investor added more cash. But the risks are still significant. Shares of electric vehicle maker Lucid (LCID -1.25%) have had a mostly downhill ride since the company's market debut, falling over 90% from their 2021 price peak. However, the company has made substantial progress since 2021. Its first model, the Air luxury sedan, has received wide acclaim. A big SUV will join the lineup by the end of this year. Lucid's second-quarter results -- reported Aug. 5 -- we ...