Lucid Stock: Buy, Sell, or Hold?

By Parkev Tatevosian, CFA – Sep 16, 2023 at 4:00AM

NASDAQ: LCID

Lucid Group

Market Cap

$8B

Today's Change

(-1.48%) -$0.05

Current Price

$3.34

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

Consumers are shying away from buying Lucid's expensive electric vehicles.

Fool.com contributor Parkev Tatevosian evaluates Lucid (LCID -1.48%) stock to answer if the stock is a buy right now.

*Stock prices used were the afternoon prices of Sept. 12, 2023. The video was published on Sept. 14, 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.