Lucid Group’s Production Growth Could Spark a Rally by LCID Stock

Lucid Group’s Production Growth Could Spark a Rally by LCID Stock

Through advanced technologies and sleek aesthetics, California-based electric vehicle (EV) manufacturer Lucid Group (NASDAQ: LCID ) seeks to disrupt the automotive market as we know it. Folks with a tolerance for risk can start a small position in LCID stock. If Lucid’s ambitious vision is successful, these positions will be profitable. Source: Around the World Photos / Shutterstock.com

After a prolonged wait, Lucid’s investors are witnessing the company transition into the delivery phase. With more than $1.3 billion of estimated bookings , Lucid finally started producing EVs in September and began deliveries on Oct. 30.

Lucid’s production of EVs for its customers began at the company’s vast, Arizona-based Advanced Manufacturing Plant. However, Lucid apparently plans to build another production plant, and it will not be located anywhere near Arizona. In fact, the plant won’t even be in the United States.

Meanwhile, as we’ll see, LCID stock has been choppy Still, with one […]

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