Down 65% in 2025, will Lucid Group stock price rebound soon? — TradingView News
Lucid Group stock price had a difficult performance this year as it continued falling due to major headwinds. It has dropped by 65% this year, with its market capitalization dropping from over $10.47 billion to the current $3.83 billion. So, is LCID a good company to buy today?
Lucid Group is doing well despite major headwinds
Lucid Group, a top player in the electric vehicle (EV) industry, is facing major headwinds as competition in the industry slows and demand for some of its brands, including Gravity remains weak.
Like other companies in the industry, Lucid Group is facing headwinds after Donald Trump ended the $7,500 EV tax credit as part of the Big Beautiful Bill. Also, the bill ended a provision that let other automakers pay Lucid…
