LCID Stock Sell Alert: 3 Reasons to Dump Your Lucid Shares and Never Look Back

Lucid (NASDAQ:LCID) stock has had a long bumpy ride. Investors eagerly bought LCID shares after its 2021 IPO, raising $4.5 billion for Lucid. Lucid’s Saudi backers provided capital during tough times. However, the new EV maker is far from dethroning Tesla (NASDAQ:TSLA) or even China’s BYD (OTCMKTS:BYDDY). In Q4 2023, BYD sold 526,409 electric vehicles, while Tesla sold 484,507. BYD’s sales are still increasing despite an EV slowdown. In January, the company sold 205,588 electric vehicles. Tesla finds itself ...