Lucid Must Overcome These 4 Challenges in 2025
The luxury EV maker still has a lot to prove.
Lucid Group (NASDAQ: LCID), a fledgling maker of luxury electric vehicles (EVs), has burned a lot of investors since its public debut in July 2021. It initially gained a lot of attention because it was led by Tesla's former chief engineer Peter Rawlinson. It was on track to deliver its first vehicles back in 2021 and it set some ambitious growth targets.
But like many other EV makers that went public by merging with special purpose acquisition companies (SPACs), Lucid management overpromised and the company underdelivered. That's why its stock has dropped more than 95% below its post-merger high of $55.52.
Image source: Lucid.
