Lucid (LCID) Stock

Over the past five days, Lucid Group (NASDAQ: LCID) stock has gained 4.89% but remains down 13.89% over the past month. Lucid briefly fell below the psychological $2 level, sparking concerns among investors, but it has since clawed its way back into safer territory.

Just like that, with the 2024 Presidential election in the books, electric vehicle (EV) investors are left to wonder if the U.S. is about to hit a major industry speed bump. President-elect Donald Trump has occasionally spoken out against EVs, and the transition team is rumored to be heavily considering ending the $7,500 federal tax credit, which could soften EV demand.

If you've been following the electric vehicle (EV) industry, it's been an interesting ride so far. Some global markets are exploding much faster than North America, especially when you look at China, where recent monthly EV sales accounted for more than 50% of new vehicle sales.

[00:00:00] Doug: So we're looking at the EV tax credit.

Should You Buy Lucid Motors While It's Below $2.50?

Lucid Group Inc. LCID finds itself in a precarious position as its stock forms a Death Cross —a bearish signal where the 50-day moving average ($2.94) falls below the 200-day moving average ($3.02).

After weeks of extended losses, electric vehicle manufacturer Lucid Motors (NASDAQ: LCID) is striving to stabilize its valuation above $2.

After experiencing a significant total fall in the last 30 days and even showing the dreaded death cross indicator in its chart, Lucid Motors (NASDAQ: LCID) stock suddenly entered a significant rally on Monday, November 18.

NEW YORK , Nov. 18, 2024 /PRNewswire/ -- Lucid Diagnostics Inc.  (Nasdaq: LUCD) ("Lucid" or the "Company"), a commercial-stage, cancer prevention medical diagnostics company, and subsidiary of PAVmed Inc. (Nasdaq: PAVM), today announced that company management will present at the Canaccord Genuity MedTech, Diagnostics and Digital Health & Services Forum in New York on Thursday, November 21, 2024 at 1:30 p.m. ET. Live and replay webcasts may be accessed on the investor relations section of the Company's website at ir.luciddx.com.