2 Reasons Lucid Group Stock Is a Buy Before August

It's been a tough year for Lucid Group (NASDAQ: LCID). Shares are down roughly 30% in value since 2025 began. But there are two reasons for hope. In fact, if there are positive updates on these two catalysts when the company releases its next earnings report in August, right now could prove to be a wonderful buying opportunity for this beaten-down electric car stock.Tesla was an impressive business even when it had only a few luxury vehicles in its lineup. But it wasn't until the release of more affordable models like the Model 3 and Model Y that growth really took off. Need proof? As of last quarter, these two EV models account for more than 90% of Tesla's vehicle sales. Most EV makers are trying to get more affordable models to market in order to replicate Tesla's success. Rivian, for example, is hoping to release three new vehicles priced under $50,000 apiece beginning in early 2026. Lucid appears a little behind in terms of getting a more affordable model to market. As of the latest management update, the target to begin production of its new affordable vehicle lineup won't begin until late 2026. In all, three new mid-sized vehicles are expected to be revealed, all priced under $50,000. This would, for the first time, make Lucid's EVs affordable by the masses, creating tens of millions of new potential buyers. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool