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The Lucid Tragedy: A $1,000 Investment That Became $89
Lucid Group's (LCID) story is the ultimate EV hype hangover. Launch day 2021: $1,000 invested, nearly doubled in 4 months. Today? That same thousand sits at just $89—a 91% wipeout.
What happened?
**The Promise vs Reality Gap**
- Promised 20K units in 2022 → Actually made 7,180
- Gravity SUV delayed from 2023 → Arrived in 2024
- Stock tanked 82% in 2022 alone
- CEO Peter Rawlinson just quit
Lucid kept moving the goalpost: constantly overpromising, constantly underdelivering. By the time numbers showed signs of improvement, the damage was do
Lucid Group's (LCID) story is the ultimate EV hype hangover. Launch day 2021: $1,000 invested, nearly doubled in 4 months. Today? That same thousand sits at just $89—a 91% wipeout.
What happened?
**The Promise vs Reality Gap**
- Promised 20K units in 2022 → Actually made 7,180
- Gravity SUV delayed from 2023 → Arrived in 2024
- Stock tanked 82% in 2022 alone
- CEO Peter Rawlinson just quit
Lucid kept moving the goalpost: constantly overpromising, constantly underdelivering. By the time numbers showed signs of improvement, the damage was do

