Despite its position as a leading luxury EV manufacturer, Lucid Motors has struggled in the market after its debut via a SPAC merger in July 2021, seeing its stock price plummet from over $55 to around $2.75 due to missed production targets and competitive pressures from industry leaders like Tesla.
For investors, the key consideration regarding Lucid's potential recovery hinges on the company's ability to meet ambitious production goals set for 2025 and beyond, alongside navigating the challenges of a rapidly changing EV market and legislative changes regarding EV tax credits.
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