What a $1,000 Bet on Lucid Stock 4 Years Ago Would Be Worth Today (Spoiler: It’s Wild)

Lucid Motors promised to electrify the auto industry—but did it juice your portfolio? Four years ago, dropping a grand on LCID seemed like a ticket to the EV revolution. Let’s crack open the numbers.

The Hype vs. The Reality

Back in 2021, Lucid’s SPAC debut had retail investors buzzing. CEO Peter Rawlinson—a Tesla alum—pitched luxury EVs with record-breaking range. The stock skyrocketed… before gravity kicked in.

Crunching the ROI

Fast-forward to 2025: supply chain snarls, production delays, and Tesla’s price wars left Lucid scrambling. That $1,000 investment? Either moonfuel or margin call material—depending on when you bought (and sold).

Wall Street’s EV Rollercoaster

Another reminder that ‘disruptive tech’ stocks often disrupt… your capital. Meanwhile, Bitcoin hodlers smirk from their lambos.

Image source: Getty Images.

Here's what actually happened, though: That investment of $1,000 is worth only $95 today. Ouch.

Lucid failed investors miserably. It consistently missed production targets, faced massive cost overruns and cash burn, and struggled to sell its luxury cars. In 2024, it generated only $808 million in revenue and incurred a net loss of $2.7 billion.

A lot has happened at Lucid over the past few months though, reigniting investor interest in the beaten-down stock.

Why Lucid stock could jump 10x

Lucid is expanding production and plans to deliver around 20,000 units of Air sedan and Gravity SUVs this year. It also recently bought Nikola's Coolidge and Phoenix manufacturing facilities.

The biggest deal, however, is Lucid's partnership with (UBER 0.55%). Uber will deploy over 20,000 of Lucid Gravity SUVs equipped with Nuro's Level 4 autonomy software over six years starting in 2026. Uber will also invest millions of dollars in Lucid.

While its partnership with Uber validates Lucid's EV technology, management is planning a 1-for-10 reverse stock split. Although there'll be no change in the company's fundamentals, the reverse stock split will boost Lucid stock's price by 10x.

Lucid hopes a higher market price will boost its image and attract institutional investors. While that could be true, it shouldn't be your reason to buy Lucid stock -- if you consider buying it all.