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It’s no secret that electric-vehicle manufacturer Lucid Group (LCID) is a mess. Sure, since hitting an apparent near-term bottom on Sept. 4, LCID stock has jumped 26%. But that’s not going to get rid of the bad taste stemming from the year-to-date loss of roughly 33%. What’s more, in the trailing five years, LCID has stumbled over 79%.
When Lucid first entered the EV fray, it potentially offered viable competition to Tesla (TSLA). While the latter had become synonymous with next-generation mobility, its vehicles suffered from an unchanging design motif. With Lucid, the brand brought in much-needed dynamism to the ecosystem. Unfortunately, a fading rate of growth and expanding losses haven’t endeared Lucid to investors.
