Lucid Motors Faces a Reality That May Cloud a Bullish Perception – MarketBeat

On a day when the broader market soared over 500 points, Lucid Group, Inc. (NASDAQ: LCID) was a notable laggard. Shares of LCID stock fell by less than one percent. But it continues the downward trend for the stock, down 30% in the last month and over 80% in 2022. 

One sore spot for investors is that the company recently completed a previously announced $1.5 billion equity offering. In a capital-intensive business like electric vehicles (EVs), investors have come to expect that start-up companies will need to raise funds as they achieve scalability.  


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