Lucid Group Inc Stock News

Lucid Group (LCID -7.68%) makes some of the best-looking electric vehicles in the U.S. They've won accolades from automotive publications, and offer some of the EV world's longest battery ranges.

Regardless of its status as an electric vehicle (EV) player, Lucid Group (LCID -7.68%) is still just a car stock, and car stocks do not make investors fortunes. Tesla has been a rare exception, but we're talking about the rarest of the rare.

Want to become a millionaire? Find the next Tesla (NASDAQ: TSLA).

Small EV companies are likely going to be victims of a slow-growing EV market and powerful competition. None faces these more than Lucid (NASDAQ: LCID). Investor confidence shows it. The stock traded for $57 in late May 2021. It trades for $2.23 today, which makes it a penny stock.

Wall Street analysts are holding a slightly bearish outlook on Lucid's (NASDAQ: LCID) stock over the next year as the equity continues to experience increased volatility.

Lucid Group (LCID -3.95%) stock has been volatile so far in 2025, with shares gyrating between $2 and $3.50. And while shares look expensive according to some metrics, sales growth is expected to explode higher in both 2025 and 2026.

Long-term investing is the key to sustainable returns in the stock market. However, with shares down 85% over the last three years, Lucid Group (LCID -3.95%) highlights the risk of putting all your eggs in one basket.

Rivian Automotive (RIVN -1.76%) and Lucid Group (LCID -3.95%) were once two of the market's hottest electric vehicle (EV) stocks. Rivian went public at $78 per share in November 2021, and its stock more than doubled to its record closing price of $172.01 a week after its IPO.