Is It Time to Buy the Dip on Lucid Group Stock?
Lucid Group (NASDAQ: LCID) stock experienced a hard correction in late February. In the middle of the month, shares traded as high as $3.50. As I write this, the share price hovers just above $2.If you've wanted to buy into high-growth electric vehicle (EV) stocks at a discount, this could be your chance. Lucid shares could surge if the company delivers on one key metric.Most everyday Americans still haven't heard of Lucid. Most have heard of Lucid's biggest competitor, Tesla, and many have heard of another major EV maker, Rivian Automotive. This disparity in name recognition makes sense given Lucid's relative size. The company produced just $800 million in revenue in 2024. Rivian, meanwhile, generated nearly $5 billion in sales, while Tesla dominated this trio with nearly $100 billion in sales.Continue reading
Lucid Group (NASDAQ: LCID) stock experienced a hard correction in late February. In the middle of the month, shares traded as high as $3.50. As I write this, the share price hovers just above $2.
If you've wanted to buy into high-growth electric vehicle (EV) stocks at a discount, this could be your chance. Lucid shares could surge if the company delivers on one key metric.
Most everyday Americans still haven't heard of Lucid. Most have heard of Lucid's biggest competitor, Tesla, and many have heard of another major EV maker, Rivian Automotive. This disparity in name recognition makes sense given Lucid's relative size. The company produced just $800 million in revenue in 2024. Rivian, meanwhile, generated nearly $5 billion in sales, while Tesla dominated this trio with nearly $100 billion in sales.
