Lucid Group Is Trading Near Its Lows. Is It Finally Time to Buy?
The Motley Fool
by newsfeedback@fool.com (Justin Pope)February 20, 2026
AI-Generated Deep Dive Summary
Lucid Group (NASDAQ: LCID), a struggling electric vehicle (EV) stock that has lost nearly 98% of its value since going public in 2021, is trading near its lows. Despite this downward trajectory, there are signs that the company might be on the cusp of a turnaround. Lucid’s strong financial backing from Saudi Arabia’s sovereign wealth fund and plans to begin manufacturing vehicles in the country later this year could provide much-needed stability. Additionally, the company is gearing up for an investor event where management will present updates on its technology and upcoming mid-size vehicle model.
Over the past five years, Lucid has faced numerous challenges, including production delays, supply chain issues, and competition from other EV manufacturers like Tesla and Rivian. These factors have weighed heavily on the stock, leading to significant losses for investors. However, the company’s deep-pocketed Saudi backing and its focus on premium EVs with advanced technology could position it as a long-term player in the market.
The upcoming investor day is particularly important because it will provide insight into Lucid’s progress and future plans. Investors will be closely watching whether the company can deliver on its promises, especially regarding its mid-size vehicle model. If management can demonstrate concrete milestones and a clear path forward, this could help restore confidence in the stock.
For readers interested in finance and investing, the situation with Lucid highlights the risks and potential rewards of investing in high-growth industries like EVs. While the company has faced significant setbacks, its strategic partnerships and innovative technology make it worth keeping an eye on. The coming investor event will be a key moment to assess whether Lucid can turn things around and justify its place as a leader in the EV space.
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Originally published on The Motley Fool on 2/20/2026