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Should You Buy Lucid Stock While It's Below $3?

29 June 2025
in Business
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Should You Buy Lucid Stock While It's Below ?
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The electric vehicle (EV) industry is seeing growth, with 1.3 million EVs sold in 2024, up 7% from the previous year, driven by consumer interest and government incentives. However, challenges such as high costs and inadequate infrastructure persist, exemplified by Lucid Motors (NASDAQ: LCID), whose stock has fallen nearly 50% amid production struggles, now priced under $3.

Explain It To Me Like I’m 5: The electric car world is growing as more people want them and governments are helping, but some companies, like Lucid, are having a tough time because their cars are too expensive and there aren’t enough charging stations.

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