Lucid's EV Dream Turns to Dust: Steer Clear of LCID Stock in 2024

Lucid Group (NASDAQ:LCID) faces quite the headwinds in the EV sector, in terms of both production and pricing. In 2023, LCID stock only delivered 6,001 vehicles with a three-time price cut to boost sales. December was even more disappointing, with just 2,391 cars.It’s no secret that Lucid is among the most troubled EV makers because of growing competition. Just look at its 23% fall in stock price so far this year. It makes sense for investors looking for big returns to consider gambling on LCID stock. But h ...