More Great News for Lucid Heading Into 2025. Is It a Buy Now?
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The 2024 Presidential election results have raised concerns for electric vehicle (EV) investors, as President-elect Donald Trump may end the $7,500 federal tax credit, potentially reducing EV demand.
November 24, 2024 | 3:15 pm
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Lucid, an electric vehicle company, may face reduced demand if President-elect Trump ends the $7,500 federal tax credit for EVs.
The potential removal of the $7,500 federal tax credit by President-elect Trump could directly impact Lucid's sales by making their vehicles less financially attractive to consumers, leading to reduced demand.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80