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LCID Stock, Lucid Motors & Price Prediction

In the past month, Lucid's share price has increased by 87.12%, after struggling to establish momentum for the previous three months since its IPO. This is thanks to a surge of favourable public opinion. The luxury manufacturer is in a competitive battle with Tesla in its pursuit of EV domination. Investors have taken note of the ambitious expansion goals and competitive manufacturing advantage that have been developed. But even if it is early to draw parallels to Tesla, there is enough evidence to indicate that Lucid's cutting-edge technology and rebounding share price might make it a superior long-term investment. Although the company's present popularity with investors may be a result of an overall increase in demand for electric vehicles, there is fierce competition in every direction. It is possible that Lucid's recent growth spurt may cause traders to get anxious, as they wonder if they are investing in EV equities as part of a longer-term trend or as the next event in a speculative share price bubble. In today's video, we'll talk about the similar price bubble problem for LCID, as well as how the analyst sees the company's stock price doing in the future.
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