LCID Sell Alert: 2 Reasons Lucid Stock Is NOT a Keeper

Down more than 35% on a year-to-date basis, Lucid Group (NASDAQ:LCID) stock has been an under-performer, to say the least. Now, the overall EV sector has been hit hard by a number of headwinds. Some of these are macro and sector-specific. However, like many of the harder-hit EV names, Lucid has production and deliveries problems. And while the company’s management team has done a good job of securing outside investment (we’ll get to that), there are still substantial losses and additional cash burn that wil ...