Prediction: 1 EV Stock That Will Be Worth More Than Lucid 1 Year From Now

Lucid (NASDAQ: LCID), a producer of luxury electric vehicles, attracted a lot of attention when it went public by merging with a special purpose acquisition company (SPAC) four years ago. That's mainly because it was led by Tesla's (NASDAQ: TSLA) former chief engineer Peter Rawlinson, and it had already started delivering its first Air sedans.Yet, like many other SPAC-backed start-ups, Lucid overpromised and underdelivered. It originally set out to deliver 20,000 vehicles in 2022, 49,000 vehicles in 2023, and 90,000 vehicles in 2024. But in reality, its annual deliveries only reached 4,369 in 2022, 6,001 in 2023, and 10,241 in 2024.Image source: Lucid.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool