Shares are at all-time lows, but there's a big reason to wait.

Electric vehicle (EV) manufacturer Lucid Group ( LCID -4.35% ) is making headlines again... but not the kind investors like to see.

The maker of the luxury Lucid Air sedan and Lucid Gravity SUV is implementing a reverse 1-for-10 stock split, effective at 5 p.m. on Friday, Aug. 29. Reverse splits often mean a company's in trouble, and indeed, the stock price has fallen by more than 30% since the company announced the reverse split on July 17.

But with the stock now trading at its lowest levels ever, could there be an advantage to buying before the reverse split?

How the reverse split will work

Often, a reverse split is used to keep a company's share price above the $1 minimum that the Nasdaq Stock Market requires

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