If You'd Invested $1,000 in Lucid Stock 4 Years Ago, Here's How Much You'd Have Today

Lucid Group (NASDAQ: LCID) was one of the most anticipated initial public offering (IPO) stocks in 2021. The electric-vehicle (EV) industry was red-hot, and Lucid, backed by Saudi Arabia's Public Investment Fund, planned to deliver 20,000 units of its flagship luxury Air sedan, worth nearly 2.2 billion in sales, in 2022. By 2024, Lucid projected its revenue would hit a whopping $9.9 billion.With expectations running high, Lucid stock surged a staggering 280% in 2021. On the day of its listing on July 26, 2021, it closed at $26.83 per share. If you'd invested $1,000 at that price, you'd have expected the stock to become a multibagger by now.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool