Lucid (NASDAQ: LCID) is trading in penny stock territory, down 54% in the last year to $3.12. Lucid's financial situation is such that it will never escape the penny stock category.
Lucid's unit numbers are incredibly small. In the first quarter of 2024, Lucid produced 1,728 vehicles and delivered 1,967. Lucid lost $681 million in this year's first quarter.
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