Is Lucid Stock a Buy Now?

Is the struggling electric vehicle maker a turnaround play?Lucid Group (LCID -7.35%) has disappointed many investors since its public debut in July 2021. The maker of luxury electric sedans went public by merging with a special purpose acquisition company (SPAC), and it opened at $25.24 on its first day.Its stock more than doubled to its record closing price of $55.52 just four months later, but it now trades at about $3 a share. Let's see why Lucid's stock crashed and burned, and if it's worth buying as a ...