Could Buying Lucid Stock Today Set You Up for Life?

Just a few short years ago many investors had high hopes for the electric vehicle startup Lucid (NASDAQ: LCID). In the following 12 months after it went public through a merger with a special purpose acquisition company (SPAC), Lucid stock skyrocketed, fell, then rose rapidly again -- with 400% returns after its first year of being publicly traded.Unfortunately, the honeymoon ended. Amid rising inflation, higher vehicle costs, production hiccups, mounting losses, and a challenging electric vehicle market, Lucid stock has lost its luster. Its share price is down 96% from its all-time high.So, what happened? And, could Lucid stock return to its glory days and set investors up for life if they buy shares now? Here's why I'm doubtful that will happen.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool