Why Lucid's Days May Be Numbered

By Travis Hoium – Feb 1, 2024 at 6:30AM

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 isn't making money selling cars, and options for funding the business are running out.

Shares of Lucid (LCID 0.41%) jumped earlier this week, but that masked some major problems for the automaker. In this video, Travis Hoium covers the company's financials and liquidity and considers why a premium EV company is facing real long-term challenges.

*Stock prices used were end-of-day prices of Jan. 29, 2024. The video was published on Jan. 30, 2024.

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.