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Forget Lucid Group: 2 Electric Vehicle Stocks to Buy Instead
LCIDLucid (LCID) The Motley Fool·2024-03-13 09:10

Lucid (LCID -2.34%) stock has disappointed a lot of 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 its stock started trading at $25.24 before more than doubling to its all-time high of $55.52 four months later.Before it went public, Lucid claimed it could produce 20,000 vehicles in 2022 and 49,000 vehicles in 2023. But in reality, it only produced 7,180 vehicles in 2022 and 8,428 vehicles in 202 ...