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Is Lucid Stock a Millionaire-Maker?

The massive drop may have some investors hoping that if Lucid can just regain its momentum in the EV market, perhaps it can achieve its previous share price -- which would be more than a 2,500% increase from its current price. Electric vehicle (EV) maker Lucid (LCID -2.55%) experienced a share price surge after the company went public in 2021. But since about mid-2022, the stock has been on a steady decline and is down 96% from its all- time high of about $58. For one, American consumer interest in electric ...