Is Lucid Group Stock a Buy Now?

Lucid Group's (NASDAQ: LCID) stock tumbled 13% during after-hours trading on Aug. 3 following its second-quarter earnings report. The luxury electric-vehicle (EV) maker generated $97.3 million in revenue, which represented a big jump from $174,000 a year ago (when it hadn't started shipping its vehicles) but broadly missed analysts' expectations by $59.8 million. Lucid only delivered 679 vehicles during the quarter and produced 1,405 vehicles in the first half of 2022.