1 Green Flag for Lucid Stock in 2023 (and Beyond)

By Parkev Tatevosian, CFA – Jan 20, 2023 at 9:32AM

NASDAQ: LCID

Lucid Group

Market Cap

$6B

Today's Change

(2.65%) $0.07

Current Price

$2.52

Price as of April 26, 2024, 10:23 a.m. ET

Consumer adoption of EVs is rising, and Lucid is poised to benefit.

Lucid (LCID 2.65%) has the support of powerful investors. The company has a big order for its cars to support its expansion.

*Stock prices used were the afternoon prices of Jan. 17, 2023. The video was published on Jan. 19, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.