Is Lucid Motors a Millionaire Maker?
Lucid (US:LCID) The Motley Foolยท2024-01-31 11:12After Tesla paved the way for the electric vehicle (EV) industry, Lucid Motors (LCID 2.67%) arrived in public markets in 2021 with considerable hype. Lucid is headed by CEO Peter Rawlinson, a former head engineer at Tesla. The company's flagship model, the Lucid Air, garnered enormous praise from the industry.Fast forward to today. The company's stock sits 95% off its former peak. Why has the stock struggled despite rave reviews for the Lucid Air? Is this a stock gone bust, or a misunderstood lottery ticket ...