Motley Fool Cheers for Lucid Group Stock

Shares of Lucid Group are up 59c, or 22%, to $3.24 in early trading after Motley Fool issued a buy alert regarding the stock in a report published before today’s open. In the report by Keith Noonan, Motley Fool stated in part: “In other words, a $15,000 investment in Lucid stock could make you a millionaire if its valuation climbed to a little under 70% of Tesla’s current $665 billion market cap… As it stands, the odds of the stock turning a $15,000 investment into $1 million are exceedingly slim — even over a long period of time. In the near term, the company’s share price will likely continue to be volatile. With the stock trading at such beaten-down prices, it is possible that the shares will see significant gains above current levels. If growth in vehicle production and deliveries reaccelerates and suggests that the business could be back on the path to achieving profitability, Lucid’s valuation could see a substantial rebound. However, investors should approach the stock with the understanding that the company’s financial foundations are shaky, and there’s a substantial risk the company’s stock will move lower on the heels of massive sell-offs.”