Is lucid in danger of bankruptcy?

Lucid's sales are on track to meet its 2024 targets and the company isn't in immediate danger of bankruptcy thanks to PIF, but we knew that. But Lucid investors -- including, presumably, PIF -- are still waiting for the big growth phase to drive the stock sharply higher.

What happened to lucid stock?

Shares of luxury electric vehicle (EV) maker Lucid Group (LCID -3.11%) jumped as much as 6.7% to open the holiday-shortened trading week. That came after the largest public pension fund in the country released news on its Lucid holdings. But the pop in Lucid stock didn't hold. Shares of the EV start-up lost all of that gain and more.

Should you buy lucid group (LCID)?

Lucid Group, Inc. ( NASDAQ: LCID) is an electric vehicle company with potential, but also with a weak business performance. Over the last year, the company's shares have cratered, dropping by more than 60%. Let's take a look at what could help the stock turn around. Lucid Group is an EV company I have covered in the past, most recently in May 2023.