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Where Will Lucid Be in 3 Years?

TheMotleyFool

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Lucid (NASDAQ: LCID) investors have no doubt been disappointed with the stock lately. Despite the company's impressive vehicles -- its Air Sapphire sedan just won German Car of the Year in the performance category -- its share price has plummeted 81% over the past three years.

Lucid isn't alone in its struggles. The electric vehicle (EV) industry is reeling from the loss of federal tax credits and a shift toward hybrids. Fellow EV start-up Rivian is feeling the pinch too, with its stock falling about 60% over the same period.

So, where does Lucid go from here? I think there are a couple of likely outcomes for the company over the next several years, both good and bad, based on its current trajectory.

Source Fool.com

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