If You'd Invested $1,000 in Lucid Stock 4 Years Ago, Here's How Much You'd Have Today

Core Viewpoint - Lucid Group's stock has significantly declined from its initial public offering, with investors experiencing over 90% loss in value due to production failures and unmet expectations [2][3]. Group 1: Company Performance - Lucid Group debuted on the Nasdaq on July 26, 2021, with an initial stock price that surged to an all-time high of $57.75 by November 15, 2021 [1]. - The company aimed to produce 20,000 units of the Lucid Air sedan in 2022 but only managed to produce 7,180 units, with the Gravity SUV launch delayed to 2024 [2][4]. - The stock price plummeted 82% in 2022 due to production issues, cost overruns, and a series of outlook downgrades [3]. Group 2: Future Outlook - Lucid expects to double production by 2025, targeting the same 20,000 units initially set for 2022, indicating a lack of progress [4]. - The resignation of CEO Peter Rawlinson introduces additional uncertainty regarding the company's leadership and strategic direction [4]. - The backing from Saudi Arabia's sovereign public fund provides some financial security, but the company must effectively utilize these funds to improve production and delivery to regain investor confidence [5].