Think It's Too Late to Buy Lucid Group? Here's the No. 1 Reason Why There's Still Time

Lucid Group (NASDAQ: LCID) stock spiked nearly 50% last month when it announced its robotaxi venture with Uber Technologies. This could be a huge opportunity. Some experts believe the global robotaxi market could eventually be worth $10 trillion. With a market cap of just $7 billion, this one opportunity could transform the company as we know it. Think it's too late to invest? Think again. There's one major reason investors are still getting a bargain at today's valuation.First, it's important to note what has happened to Lucid's share price following its massive spike. In the weeks that followed, shares gave up nearly all of the gains. So if you want to buy into the robotaxi opportunity, you're not paying much of a premium versus investors who bought in before the announcements.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool