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When Lucid Group (NASDAQ: LCID) went public in 2021, expectations were high for it to rival Tesla, but the stock has since plummeted 96% from its peak. Despite this, the launch of the Gravity SUV and accolades for its Air Grand Touring sedan’s range and performance suggest the potential for a comeback in the competitive EV market.
Explain It To Me Like I’m 5: Lucid Group, a company that makes fancy electric cars, had a lot of people excited when it started, but now its stock price has dropped a lot, even though they are making a new cool SUV and their cars are still really good at driving far.
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