Lucid Stock 78% down from Its 52-Week High.

LUCID (LCID), NIO, RIVIAN (RIVN) this stock has down 75-80% from their 52 Week's High.

Most investors think it has a great opportunity that This EV stock to get at a lower price.

Let's talk about LUCID LCID Stock.

By acquiring approximately 4.47 million shares during the second quarter, Laffont's fund more than doubled its prior holdings in Lucid.

One of the better funded EV businesses is Lucid, which had $4.6 billion in cash, cash equivalents, and investments at the end of the second quarter.

Lucid focuses on increasing its production capacity by 2024, so the capital will be utilized here.