Lucid’s Penny Stock Problem

Lucid’s Penny Stock Problem

By many definitions, a penny stock trades below $5. If so, Lucid (NASDAQ: LCID) has inhabited that area for a long time. Today, its price is $2.50, and it has dropped 16% this year. It has financial and unit sales problems. However, its real difficulty is the state of the EV market, which has become crowded and has some well-funded players. Key Points Lucid Is Too Small Big EV Companies Have Money EV Business In US Is Tough     EV sales hav…