Although new to the public markets, Lucid Group (NASDAQ: LCID) has wasted no time making a splash with its eye-catching design and record-breaking performance. The company’s proprietary electric vehicle (EV) powertrain technology is so impressive that the Lucid Air sedan was awarded MotorTrend‘s 2022 Car of the Year.
Share prices of Lucid Group have whipsawed from below $20 a share to above $60 a share in the last three months. The volatility is crazy, but there are even wilder economic visuals you have to see to believe.