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Is Lucid Motors a Millionaire Maker?

TheMotleyFool 
0 0 31.01.24
Is Lucid Motors a Millionaire Maker?Photo, wide shot, wide-angle lens, soft focus, Car rental company, sunset photo at golden hour, photo by Art Wolfe: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-Ew7cRec38UnlyYzs41FVEri5.png?st=2023-12-29T14%3A03%3A41Z&se=2023-12-29T16%3A03%3A41Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-12-29T15%3A03%3A25Z&ske=2023-12-30T15%3A03%3A25Z&sks=b&skv=2021-08-06&sig=vZPI3wL5I%2BC5Zknik6hYtwmYdTdsE1ct/DM1evRA8EI%3D
 

After paved the way for the electric vehicle (EV) industry, Lucid Motors (NASDAQ: LCID) arrived in public markets in 2021 with considerable hype. Lucid is headed by CEO Peter Rawlinson, a former head engineer at Tesla. The company's flagship model, the Lucid Air, garnered enormous praise from the industry.

Fast forward to today. The company's stock sits 95% off its former peak. Why has the stock struggled despite rave reviews for the Lucid Air? Is this a stock gone bust, or a misunderstood lottery ticket waiting to turn investors into millionaires?

Here is what you need to know.

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Source Fool.com

Tesla Inc Stock

€307.25
3.940%
A very strong showing by Tesla Inc today, with an increase of €11.65 (3.940%) compared to yesterday's price.
Our community is currently high on Tesla Inc with 106 Buy predictions and 39 Sell predictions.
With a target price of 409 € there is a positive potential of 33.12% for Tesla Inc compared to the current price of 307.25 €.
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