Lucid Stock Declined 28% in 2024. Is the Stock Poised to Rebound in 2025?
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Lucid (NASDAQ: LCID) burst onto the electric vehicle (EV) scene in late 2021 with its technologically impressive Lucid Air sedan. The premium EV even won MotorTrend's Car of the Year award in 2022. The automotive magazine referred to the car as a game changer at the time. Roughly three years later, the company is poised to produce just 9,000 vehicles when it wraps up its 2024 numbers.The agonizingly slow ramp-up has weighed on the stock. Lucid stock declined 28% in 2024 and is 94% off its early 2021 highs.However, the company began initial deliveries of its second vehicle, a premium electric SUV called the Lucid Gravity, at the end of December. Should investors expect this development to kick-start Lucid's comeback? Or is the company's uphill climb still too steep to invest their hard-earned money?Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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