Lucid Group (NASDAQ:LCID) stock has faced significant headwinds, plunging over 24% year-to-date. This decline is largely attributed to a confluence of factors impacting the broader electric vehicle (EV) market, compounded by specific concerns related to the Trump administration’s potential tariff policies and the revocation of EV subsidies.
As a U.S. EV maker, Lucid primarily generates revenue through direct sales of its luxury electric vehicles, including the Lucid Air sedan and the Gravity SUV, sold online and through its Lucid Studios.
