Is Lucid Stock a Buy Now?

When Lucid (NASDAQ: LCID) burst onto the investment scene in 2020, there was a lot of excitement surrounding the company and its high-end electric cars. Some of the excitement was warranted, considering that Lucid's Air sedan went on to become an award-winning vehicle, and its battery technology has set records for the longest distance on a single charge.But not everything at Lucid is as polished as the exterior of its luxury electric vehicles (EVs). The company is burning through piles of cash, its top leadership is in transition, and EV market headwinds are causing additional difficulties for the company.The result has been that Lucid stock is down nearly 97% from its all-time high set in February 2021. To some, Lucid's massive share price decline looks like a buying opportunity, but I believe investing in the stock right now would be a mistake. Here are a few reasons why it's best to leave Lucid stock alone.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool