Lucid stock price prediction after LCID hits all-time low

The stock price of electric vehicle (EV) startup Lucid Motors (NASDAQ: LCID) has reached a new low, dropping below the $3 mark, as the company struggles to compete with established players such as Tesla (NASDAQ: TSLA). The drop marks Lucid’s accelerated downtrend, experiencing losses of over 30% in 2024.In the short term, Lucid stock, along with other electric vehicles, has faced challenges from various factors. A significant setback occurred when Hertz announced liquidating 20,000 electric vehicles from it ...