Is Lucid Group Stock a Buy Now?

• Lucid banal trades down 98% from its all-time precocious acceptable successful aboriginal 2021.

• Lucid's top-selling conveyance is the Lucid Air Sedan, and accumulation of a high-volume midsize EV level is expected to commence successful 2026.

• Lucid is collaborating with Nvidia to make Level 4 autonomous vehicles and has secured a $300 cardinal concern from Uber to deploy 20,000 self-driving Lucid Gravity SUVs.

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There was overmuch hype erstwhile Lucid Group (NASDAQ: LCID) went nationalist a fewer years ago. Investors viewed the luxury electrical conveyance (EV) shaper arsenic a perchance bold caller challenger to Tesla, poised to thrust the question of EV adoption. The company's ambitious vision, cutting-edge technology, and sleek designs had captured attention.

However, things haven't gone arsenic planned. After an archetypal surge successful 2021 that saw the banal scope awesome heights, momentum has faded, and Lucid's banal is present down 98% from its all-time high. The optimism that erstwhile surrounded the institution has waned arsenic investors absorption connected execution, competition, and evolving EV adoption rates.

As Lucid Group looks to regain its footing and get backmost connected track, here's what investors should cognize astir it earlier buying.

Lucid Group manufactures luxury EVs, targeting an affluent lawsuit base. The institution aims to found itself arsenic a premium marque successful the competitory automotive manufacture by committing to delivering a high-quality driving experience.

Its top-selling conveyance is the Lucid Air Sedan, the best-selling EV sedan successful the U.S., outpacing the Tesla Model S. The automaker besides offers the Lucid Gravity, an electrical SUV with seating for up to 7 adults and an EPA-estimated driving scope of 450 miles.

Furthermore, absorption confirmed that the high-volume Midsize Platform, which aims to vie with fashionable models similar the Tesla Model 3, remains connected way to statesman accumulation successful precocious 2026. This is Lucid's mass-market merchandise and is simply a important measurement successful enabling Lucid to standard accumulation and amended gross margins.

In different news, Lucid announced an inaugural to accelerate its way to afloat autonomy successful a collaboration with Nvidia. This concern positions Lucid to present 1 of the world's archetypal privately owned rider vehicles with Level 4 autonomous driving capabilities, powered by the NVIDIA DRIVE AV platform.

Also, Uber Technologies announced a $300 cardinal concern successful Lucid Group. This concern is portion of Uber's program to motorboat driverless rides successful the San Francisco Bay Area precocious adjacent year, utilizing Lucid Gravity SUVs equipped with Nuro's self-driving technology. This determination puts Lucid's vehicles successful nonstop contention with different robotaxi services. Uber plans to enactment 20,000 oregon much Lucid's self-driving SUVs connected the roadworthy implicit six years.