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Lucid is showing signs that it's already losing the EV battle.
High prices, rising interest rates, and increased competition are hurting Lucid's (LCID -0.94%) value proposition, and there are signs the next year won't be good for the company. In this video, Travis Hoium covers some major signs of strain.
*Stock prices used were end-of-day prices of Sept. 19, 2023. The video was published on Sept. 20, 2023.
Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. 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.
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