If You Own Lucid Stock, Take a Look at This Durable Stock Instead

Lucid (NASDAQ: LCID) used to be a well-known electric vehicle (EV) stock that rode the hype of Tesla (NASDAQ: TSLA) during the pandemic. The stock surged quickly upon its IPO, but the bubble burst a few years later.Investors can still buy Lucid stock, but it has a market cap just below $4 billion. The EV maker produces luxury electric vehicles, which won't fare well as living costs go up. The expiration of the EV tax credit only makes things worse, suggesting that now is the right time to sell Lucid stock.You don't have to invest in declining companies like Lucid or high-risk meme stocks to grow your portfolio. Walmart (NASDAQ: WMT) is a good remedy for Lucid investors.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool