Is Lucid Stock a Buy After Today's Bounce?

There were some big news items making the rounds in the electric vehicle (EV) sector this week, and several stocks have been volatile as a result. Luxury EV maker Lucid Group (LCID 2.09%) is one of them.Lucid stock has dropped by about 13% so far this week, even when factoring in its bounce Friday morning. That's because another EV start-up got a big upgrade. Analyst Alexander Potter at Piper Sandler moved Rivian Automotive shares from a hold rating to a buy early Friday, saying the stock could double. Luci ...