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Many startup electric vehicle (EV) companies hit record lows during 2024. Lucid Motors (LCID), for instance, fell 28% last year even as it recovered from its record lows under $2 that it hit in November. EV stocks were simply out of favor with the market.
Now though, Lucid shares are recovering, with LCID up 50% from its lows. As the company commences deliveries of its widely awaited Gravity SUV, I will explore four reasons investors should buy LCID stock and two reasons they should stay away.
