LCID Stock: A Cautionary Tale of Hype, Hubris, and Impending Doom

LCID (NASDAQ:LCID) stock is having a rough year thus far with the stock down nearly 25% YTD. The electric vehicle company has failed to meet investor expectations and their long term growth prospects remain questionable. Lucid has had itself an abysmal operational year in 2023, failing to meet its vehicle delivery targets. Additionally, the company continues to lose money hand over fist after reporting loss from operations of $2.83 billion in FY23. Bears have every reason to be pessimistic, and the company ...