Key Takeaways LCID shares are down over 60% in a year, underperforming peers and broader market benchmarks.Deliveries hit a record 15,841 in 2025, led by Gravity SUV, but margins remain deeply negative.A stronger cash runway and Gravity mix offer upside if cost and execution risks are managed.After a punishing year, Lucid Group (LCID) trades at a discount to peers while fundamentals remain mixed. The Gravity SUV is improving mix, but margins and cash burn still weigh.  Management’s execution on deliveries, ...