Lucid stock is once again on a positive trajectory after the slight drop in December 2021.
The current surge in Lucid stock price is driven by the positive performance of the motor company and especially the revelations that the company is planning to set up a factory in Saudi Arabia by 2026.
Are you looking for fast-news, hot-tips and market analysis?
Sign-up for the Invezz newsletter, today.
To help stock traders eying the Lucid stock, Invezz has created a brief article on what it is and the best places to buy it.
To find out more, please continue reading.
eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares and Options.
Register with Plus500 instantly
Lucid stock is the stock of Lucid Group, Inc. and it trades on NASDAQ under the symbol NASDAQ: LCID.
Lucid Group, Inc. is one of the sprouting electric automakers in the US and it is headquartered in Newark, California.
Besides electric vehicles, Lucid also has investments in energy storage and original equipment manufacturing.
If you want to invest in an EV stock, then Lucid stock (NASDAQ: LCID) is a fantastic choice.
However, Lucid Motor Company is facing lots of competition from the likes of Tesla, which commands a majority share within the industry. Also, Lucid registered a loss in its Q3 in 2021 and it is still not clear whether the company shall turn around its income.
After staying strong despite registering a loss in their Q3, 2021, the value of Lucid stock is expected to rally to $50 before the end of January owing to the rapid growth of the EV market.
10/10
67% of retail CFD accounts lose money
There is good reason to be afraid. Previous down markets have seen declines in excess…
United Parcel Service, Inc. (NYSE:UPS) and FedEx Corporation (NYSE:FDX) are two robust logistics companies. Both…
Canadian crypto mining firm Bitfarms sold roughly $62 million worth of Bitcoin (BTC) in June,…
Invezz does not provide financial advice. Our aim is to simplify information about investing, enabling…
Noma, a Japanese film studio, has announced that it is producing three feature films that…
Bitcoin (BTC) saw continued strength on June 21 as Wall Street trading opened with a…