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3.89863547757376E-05 0 -0.00389863547758294 -0.00327485380116958 -0.00518518518518522 -0.00974658869395725 -0.0253411306042886 -0.0228460038986356
Stock impact report

Lucid Must Overcome These 4 Challenges in 2025 [Yahoo! Finance]

Lucid Group, Inc. (LCID) 
Company Research Source: Yahoo! Finance
It initially gained a lot of attention because it was led by Tesla 's former chief engineer Peter Rawlinson. It was on track to deliver its first vehicles back in 2021 and it set some ambitious growth targets. But like many other EV makers that went public by merging with special purpose acquisition companies ( SPACs ), Lucid management overpromised and the company underdelivered. That's why its stock has dropped more than 95% below its post-merger high of $55.52. Before it went public, Lucid management claimed the company would deliver 20,000 vehicles in 2022, 49,000 vehicles in 2023, and 90,000 vehicles in 2024. But in reality, it only delivered 4,369 vehicles in 2022, 6,001 vehicles in 2023, and 10,241 vehicles in 2024. It broadly missed its own expectations as it grappled with supply chain challenges, production delays, and intense competition. To make matters worse, Rawlinson unexpectedly stepped down as its CEO this February. With a market cap of $7.3 billion, Lucid's stoc Show less Read more
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