Should You Buy Lucid Stock While It's Trading Below $3?

Electric vehicle (EV) sales are increasing in the U.S. thanks to traditional automakers releasing electrified models and start-ups like Lucid Group (LCID 3.95%) selling impressive EVs. The slow shift in the auto industry to EVs is evident in the latest vehicle sales figures, which show electric vehicles account for about 9% of total vehicle sales in the U.S., up from just under 8% last year.Despite increasing EV sales, some electric vehicle start-ups, including Lucid, are having difficulty ramping up produc ...