Is Lucid Group Stock a Millionaire Maker?
The company reported its sixth consecutive quarter of record deliveries and has big plans for the future.
Tesla's immense success opened the door for other electric vehicle companies. Among them is Lucid Group (NASDAQ: LCID), a high-end brand whose first model, the Lucid Air, garnered critical acclaim across the automotive space. So far, though, the stock hasn't been a winner. Despite financial backing from Saudi Arabia's Public Investment Fund, the stock has lost almost all of its value over the past several years.
Recently, Lucid announced Q1 2025 results. The company's deliveries increased 58% year over year, an impressive jump at a time when Tesla is seeing sales decline.
Is Lucid getting enough traction to jump-start the stock finally? If so, can Lucid's potential comeback make you a millionaire? Here is what you need to know.
