Is Lucid Group a Millionaire-Maker Stock?

It is not totally clear why Lucid went from super growth to stagnation. Its cars have historically won their fair share of industry awards and accolades for their quality. But despite offering a good product, Lucid's large, expensive vehicles (the flagship Air Sedan starts at $71,400) were battered by a combination of higher interest rates, increasing competition, and perhaps consumer exhaustion with the EV sector as a whole. To be fair, few automakers have escaped this crisis. Ford and General Motors are b ...