Lucid Stock Analysis: Buy, Sell, or Hold in 2024?

By Parkev Tatevosian, CFA – Dec 19, 2023 at 5:30AM

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

Lucid has lowered expectations multiple times in 2023. Does 2024 hold a similar fate for this rising EV company?

Fool.com contributor Parkev Tatevosian highlights Lucid's (LCID 0.41%) progress in 2023 while looking ahead to 2024. Parkev answers if he thinks Lucid stock is a buy for next year and beyond.

*Stock prices used were the afternoon prices of Dec. 16, 2023. The video was published on Dec. 18, 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.