Lucid Group (NASDAQ: LCID) has seen its stock plummet over 60% this year, underperforming compared to the S&P 500, which has risen about 13%. Despite optimism surrounding long-term electric vehicle (EV) growth, maintaining a Lucid investment seems unwise due to the presence of other EV companies with clearer paths to profitability. The stock’s decline reflects a stark contrast to its past value, peaking at a split-adjusted $580.50 when it went public via SPAC five years ago.
