Lucid Stock Outlook: Why LCID Remains a Sell Despite Exciting Developments

Further, as I pointed out in a previous column, Lucid can capitalize on Tesla's (NASDAQ:TSLA) problems. It can also benefit significantly from selling software subscriptions to its customers. And finally, Lucid stock, along with all the other American EV names, will be strong in the short- to medium-term. Still, I continue to view Lucid stock as too risky to buy or hold at this point. Consequently, I still recommend unloading the shares. Unimpressive Q1 Results and an Excessive Valuation Lucid's (NASDAQ:LCI ...