Where Will Lucid Stock Be in 3 Years?
Lucid (NASDAQ: LCID) went public by merging with a special purpose acquisition company (SPAC) nearly three years ago. The luxury electric vehicle maker initially gained a lot of attention because it was led by Peter Rawlinson, 's (NASDAQ: TSLA) former chief vehicle engineer who oversaw its development of the Model S, and was on track to deliver its first vehicles by the end of 2021.
Lucid's stock opened at $25.24 on its first day, more than doubled to its all-time high of $55.52 four months later, but now trades at less than $3 a share. Let's see why Lucid's stock crashed -- and if it can bounce back over the next three years.
Image source: Lucid.
Source Fool.com
Tesla Inc Stock
€290.95
-0.800%
Currently there is a rather positive sentiment for Tesla Inc with 106 Buy predictions and 39 Sell predictions.
As a result the target price of 409 € shows a positive potential of 40.57% compared to the current price of 290.95 € for Tesla Inc.
