Lucid's ongoing dilution spiral will likely lead to further market-trailing returns.Remember when Wall Street considered Lucid Group (LCID +0.39%) a possible future competitor to Tesla (TSLA +3.17%)? It may seem like ancient history now, but at the height of the early 2020s "EV mania," investors considered the electric vehicle maker a "Tesla killer" in the making.Flash forward to now, and few, if any, still hold this view. Lucid has fallen short of expectations in terms of vehicle sales, not to mention prof ...