Is Lucid Group Stock a Buy Now?

Lucid Group (NASDAQ: LCID) stock has risen sharply over the last month, with shares jumping in value by nearly 30%. That's a big rise over a fairly short amount of time, but don't think that it's too late to jump in. If you're looking for stocks with maximum growth potential, Lucid shares still offer tons of value. But there are some important risks to be aware of.It takes a long time to get a new vehicle to market. A look at Lucid's history provides immediate proof. Lucid was originally founded in 2007 under the name Atieva. It wasn't until late 2021 that it released its first vehicle, the Lucid Air sedan. Even then it was only a limited edition model with minimal production. In total, it took nearly 15 years for the company to go from idea stage to mass production of a single model.Of course, when the Lucid Air began shipping to customers, the company's sales exploded higher, from essentially zero dollars to around $750 million. But then growth began to stagnate. The Air model starts at around $70,000, but the total shipped price with options can often exceed $100,000. That limits Lucid's total addressable market. After several years of production, Lucid had essentially saturated its potential buyer base, leading to a flatlining in sales growth. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool