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Barchart
Mohit Oberoi

Lucid Keep Hitting New Lows: Should You Buy LCID Stock or Give Up?

Lucid IS LCID Tesla Inc. Uber Lucid Group Rivian United States Luxury Aston Martin

That the U.S. electric vehicle (EV) industry is going through a tumultuous period is no secret. Several EV upstarts have gone out of business, and some others might follow suit. Legacy automakers’ EV operations are also struggling, and the Detroit Big 3—who once had ambitious plans for vehicle electrification—have written down their EV assets by over $50 billion over the last few months.

Among startup EV companies, Lucid Group (LCID) has been hitting record lows frequently, reaching its most recent all-time low of $8.11 today, April 15. The stock has fallen in every year since its 2021 listing, and 2026 looks no different, with a drawdown of over 22%. 

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