Lucid Is Shifting Into Higher Gear. Is the Stock a Buy Now?

If you've been following the electric vehicle (EV) industry, it's been an interesting ride so far. Some global markets are exploding much faster than North America, especially when you look at China, where recent monthly EV sales accounted for more than 50% of new vehicle sales. Lucid (NASDAQ: LCID) in particular has captured momentum, seemingly at the expense of rival Rivian, but is it a buy for long-term investors?Lucid has an unfortunate trend in its short history of disappointing investors with its production hiccups, delays, and lower-than-expected deliveries. That said, management has quietly overcome those speed bumps and turned in three straight quarters of record deliveries.In fact, with Lucid hitting three consecutive quarterly records for deliveries, the company has now let consumers take the wheel of over 7,100 Lucid EVs in 2024, already easily topping the company's 2023 total of 6,001 deliveries. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool