Jim Cramer Discussed These 11 Stocks Recently

9. Lucid Group, Inc. (NASDAQ:LCID)

Number of Hedge Fund Holders: 19

Lucid Group, Inc. (NASDAQ:LCID) was mentioned during the episode, and here’s what Cramer said:

“And look, QuantumScape’s hardly alone, don’t mean to pick on it. All sorts of electric vehicle plays that came public during the IPO frenzy of ‘20 and ‘21 got crushed. Rivian although ended up coming back. But Lucid, Nikola, Canoo, the Lion Electric, Lightning eMotors, Lordstown Motors, Faraday Future Intelligent Electric, all saw their stocks plunge more than 90% from peak to trough.”

Lucid (NASDAQ:LCID) designs, engineers, and manufactures electric vehicles, powertrains, and battery systems, while also developing proprietary software for its vehicles in-house. When Cramer was asked about the company in August 2024, he stated, “I think you should sell Lucid.” Over the past 5 years, the company stock declined over 67%.