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Stock impact report

Prediction: 1 EV Stock That Will Be Worth More Than Lucid 1 Year From Now [Yahoo! Finance]

Lucid Group, Inc. (LCID) 
Company Research Source: Yahoo! Finance
Archer Aviation has more irons in the fire than Lucid's luxury EV business. 10 stocks we like better than Lucid Group › 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. Lucid blamed that slower-than-expected growth on its supply chain constraints, intense competition, a challenging macro environment, and the delayed launch of its Gravity SUV. Peter Rawlinson also resigned from the CEO positio Show less Read more
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