Lucid Motors Faces A Reality That May Cloud A Bullish Perception

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ValueWalk

Lucid (LCID) stock continues to fall after completing a $1.5 billion equity offering in an effort to strengthen its balance sheet.The offering highlights the challenges that the company faces on both the supply and demand fronts.The company is clearly concerned about customer cancellations and some auto executives are beginning to question the pace of EV adoption.With the bears firmly in control, LCID stock may have further to fall.5 stocks we like better than Lucid GroupOn a day when the broader market soared over 500 points, Lucid Group, Inc. (NASDAQ:LCID) was a notable laggard. Shares of LC…

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