If You Invested $3,000 in Lucid Group in 2021, This Is How Much You Would Have Today

If You Invested $3,000 in Lucid Group in 2021, This Is How Much You Would Have Today

Lucid Group (NASDAQ: LCID), the luxury electric vehicle maker led by Tesla's (NASDAQ: TSLA) former chief vehicle engineer Peter Rawlinson, went public on July 26, 2021 by merging with the special purpose acquisition company (SPAC) Churchill Capital Corp IV. But unlike IPOs, SPACs were allowed to provide multi-year sales forecasts in their pre-merger presentations.