Why Lucid's Challenges Are Bigger Than You Think

By Travis Hoium – Aug 18, 2023 at 7:15AM

NASDAQ: LCID

Lucid Group

Market Cap

$6B

Today's Change

(0.41%) $0.01

Current Price

$2.46

Price as of April 26, 2024, 4:00 p.m. ET

A big cash hoard may not last long.

Lucid (LCID 0.41%) continues to ramp up production, but it's facing a bigger problem: its balance sheet. In this video, Travis Hoium covers why the company's runway may not be as long as many investors think.

*Stock prices used were end-of-day prices of Aug. 12, 2023. The video was published on Aug. 15, 2023.

Travis Hoium 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. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.