Forget Lucid Group: 2 Electric Vehicle Stocks to Buy Instead
The Motley Fool
MARCH 13, 2024
Lucid (NASDAQ: LCID) stock has disappointed a lot of investors since its public debut in July 2021. The maker of luxury electric sedans went public by merging with a special purpose acquisition company (SPAC), and its stock started trading at $25.24 before more than doubling to its all-time high of $55.52 four months later. Before it went public, Lucid claimed it could produce 20,000 vehicles in 2022 and 49,000 vehicles in 2023.
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