If You'd Invested $1,000 in Lucid Stock in 2021, Here's How Much You'd Have Today
The next few years should be the best on record for Lucid (NASDAQ: LCID) when it comes to absolute sales growth. With a current sales base of around $800 million, analysts expect revenue to jump by 82% in 2025, growing by another 91% in 2026. Looking even further ahead, these high growth rates could be sustained thanks to several expected vehicle launches that will be affordable to tens of millions of new potential buyers. With an exciting future, how have long-term Lucid investors fared? If you had invested $1,000 into the stock during its 2021 IPO, you might be surprised to learn how much you'd have today.Two electric car stocks -- Rivian and Lucid -- went public in 2021 at high valuations. Since then, shares of both companies have plummeted by more than 80%. A $1,000 initial investment in Lucid would be worth just $62 today. Ouch. Even Tesla, the largest of the three, has seen its share price fall by 20% since 2021.Continue reading
The next few years should be the best on record for Lucid (NASDAQ: LCID) when it comes to absolute sales growth. With a current sales base of around $800 million, analysts expect revenue to jump by 82% in 2025, growing by another 91% in 2026. Looking even further ahead, these high growth rates could be sustained thanks to several expected vehicle launches that will be affordable to tens of millions of new potential buyers.
With an exciting future, how have long-term Lucid investors fared? If you had invested $1,000 into the stock during its 2021 IPO, you might be surprised to learn how much you'd have today.
Two electric car stocks -- Rivian and Lucid -- went public in 2021 at high valuations. Since then, shares of both companies have plummeted by more than 80%. A $1,000 initial investment in Lucid would be worth just $62 today. Ouch. Even Tesla, the largest of the three, has seen its share price fall by 20% since 2021.
