Lucid Group, Inc. (NASDAQ:LCID), is a young growth company that aims to take on the luxury EV market worldwide. The company is well-funded, and nearing the start of production of their first vehicle models, the "Lucid Air". Because it is in such an early stage, there are seldom good estimates of what the company is worth.
It is hard to compete against Tesla, Inc. (NASDAQ: TSLA), especially when it comes to volatility. After setting a new all-time high upon the S&P500 inclusion, the stock lost an incredible 40%.
However, the recent price action has been very encouraging for bulls. As the stock marches to new highs, we will look at the current ownership structure in this article.
