Why Lucid Is More Likely to Retreat Rather Than Rally in 2024

Lucid Group Inc. (NASDAQ:LCID) used to be a top dog in the electric vehicle realm, boasting an impressive market capitalization of more than $90 billion in late-2021. However, like many high-flying EV stocks, LCID stock has been on the decline, losing well over 90% of its value over a little more than two years. With a market capitalization that’s still above $8 billion, Lucid isn’t a small player in the EV space. In fact, the company has been making and selling some impressive high-end performance EVs to a ...