Lucid Group Inc. has experienced a drastic decline in its stock value, falling over 70% since its IPO and 10% this year alone. Investor pessimism about electric vehicle (EV) sales in 2025 is a major factor, particularly following the discontinuation of the $7,500 tax credit and vanishing federal support for charging infrastructure. Notably, despite investments from BlackRock and the Saudi Public Investment Fund, Lucid's production numbers are low, and recent financial results show substantial losses, raising questions about its sustainability in a competitive market.
The EV market's struggles are evident as significant companies like Ford and GM face challenges in profitability and market share, raising concerns about smaller firms like Lucid.
Lucid Group’s stock has fallen over 70% since its IPO, reflecting investor fears about EV sales, particularly with the discontinuation of tax credits and charging station support.
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