Is It A Good Time To Buy Lucid?

In the world of the stock market, there are many bad and good choices, however, sometimes there are some shares that do not fall into one of these categories, and the name of this stock is Lucid. During the last trading session, the stock worth of the company has fallen by 1%, despite the stock has been showing good results during the last week. The increase during the week was caused by the latest announcement from the company that Lucid starts production of Lucid Air in Arizona.

Moreover, Lucid during the Production Preview Week has opened the Advanced Manufacturing Plant (AMP-1) and Lucid Powertrain Manufacturing (LPM-1) factories in Casa Grande, Arizona. The first luxury electric sedans have been produced during the event at AMP-1. Lucid not only provided itself increase in high-tech manufacturing footprint but also local job creation and economic development. It’s expecting that Lucid’s Arizona manufacturing facilities will bring the company $9 billion to the state in 2024.