Lucid Stock Keeps Falling. What Has to Change Before This EV Is Investable?​

Lucid (NASDAQ: LCID) stock continues to see volatile trading and has fallen roughly 5% over the last month. Meanwhile, shares are down 41% over the last three months and 59% over the last year. There are a few key reasons behind company's valuation slide over the last 12 months of trading. For starters, Lucid's business has continued to post huge losses. The company has also continued to raise funds by selling new stock to its largest shareholder -- Saudi Arabia's Public Investment Fund (PIF). The electric vehicle (EV) specialist's reverse stock split also had a bearish impact on its share price. With the stock down 98% from its lifetime high, what would it take to make Lucid investable?Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool