Should You Buy Lucid While It's Below $10?

Core Viewpoint - Lucid is facing significant challenges in the electric vehicle (EV) market, with its stock down 90% over the past three years due to slowing sales and financial difficulties [1] Company Performance - Lucid's Air sedan is recognized for its impressive technology, holding the world record for the longest distance driven on a single charge at 749 miles [3][4] - The company doubled its vehicle production in 2025 to 18,378 vehicles, with deliveries increasing by 55% to 15,800 [4] - Lucid is developing a more affordable EV model expected to start production later this year, priced around $50,000, which could attract more buyers [5] Financial Challenges - Lucid reported losses of $1 billion in Q3, significantly outpacing its sales of $337 million [6] - The company is likely to continue facing difficulties in reducing losses as it prepares for the launch of its lower-priced EV, which involves high costs [7] Industry Context - The overall EV market is struggling, with U.S. EV sales falling by 36% in Q4 2025 year-over-year [9] - The termination of the EV tax credit program and rising vehicle costs are additional challenges for EV manufacturers [9] - Despite rising vehicle sales, Lucid's total sales remain low, with just over 18,000 vehicles sold in a year, raising concerns about future success [10]