Reported 2 days ago
Lucid Group's stock has fallen dramatically, trading under $3 amidst a decline in consumer interest for expensive electric vehicles (EVs). Despite producing high-quality EVs, Lucid faces significant challenges including rising prices, high interest rates, reduced incentives, and a lack of charging infrastructure, which complicates its appeal to buyers. Analysts recommend caution for potential investors, suggesting that uncertainties in the EV market may warrant waiting before making a purchase.
Source: YAHOO