Jim Cramer Shares Bearish Sentiment Toward Lucid Group

Lucid Group, Inc. (NASDAQ:LCID) is one of the stocks Jim Cramer answered questions about. When a caller asked about the stock, Cramer was quick to comment, “I’ll give you my answer: [sell, sell, sell].”

Lucid Group, Inc. (NASDAQ:LCID) develops and produces electric vehicles, powertrains, battery systems, and proprietary in-house software. When a caller asked whether the company is a long-term play, Cramer responded:

“You’re 21. Let’s put our money with something that is going to make a little more sense than Lucid. I think that if you wanted to be in that area, if you wanted to be in that kind of progressive area, you might go with Rivian, okay. I think Rivian is better than Lucid. Bingo.”

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Disclosure: None. This article is originally published at Insider Monkey.