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Lucid (NASDAQ: LCID) stock climbed in Thursday's trading. The electric vehicle ( EV ) company's share price ended the daily session up 4.5% and had been up as much as 7% earlier in the day's trading.
Despite a valuation pop today, Lucid stock is still down 47% in 2024.
LCID PS Ratio data by YCharts. Despite Lucid boosting its sales by 16,300% since 2021, patient investors have lost roughly 89% of their initial investment. A $50 bet would now be worth about $5.
Today, Guggenheim released a cautionary note initiating coverage on Lucid (NASDAQ:LCID) that has shares trading downwards. While LCID stock has appreciated more than 275% year t0 date (YTD), it ...
Despite sell-offs today, Lucid stock is still up 6% over the last month.
Kelley Blue Book said powerful Cybertruck sales helped reverse a slide in Tesla's average selling price . Tesla's ASP rose 11% year over year in July, hitting its highest level since February 2023.