Why do Lucid cars depreciate so fast?
Young brand risk: Lucid doesn’t have decades of mainstream recognition like BMW or Mercedes. Some buyers still worry about long-term support, which softens resale demand. Price cuts and incentives: As Lucid adjusts pricing and offers incentives on new cars, used prices often follow them down. Electric vehicle (EV) company Lucid Group (NASDAQ: LCID) hasn’t been a good buy in recent years, and that’s putting it lightly. Its valuation today is a fraction of what it was when it first went public, nearly five years ago.Valued at a market cap of $3. Lucid stock is down over 60% in 2025. The EV maker is ramping up production of its new Gravity SUV while dealing with negative gross margins, meaning the company loses money on every car it sells.Unsurprisingly, the United States remains Tesla’s largest market, accounting for the highest number of Tesla sales globally.China’s BYD has overtaken Elon Musk’s Tesla as the world’s biggest seller of electric vehicles (EVs), marking the first time it has outpaced its American rival in annual sales.
Is Lucid EV better than Tesla?
Lucid Air It was first, and then Lucid set out to not only improve on the concept, but to make an EV to rival established conventionally powered luxury cars. The Lucid Air bests the Tesla Model S in most categories of this showdown, including price, interior quality, seat comfort, acceleration, and range. It was first, and then Lucid set out to not only improve on the concept, but to make an EV to rival established conventionally powered luxury cars. The Lucid Air bests the Tesla Model S in most categories of this showdown, including price, interior quality, seat comfort, acceleration, and range.Lucid also has an SUV, the Gravity. Its vehicles feature futuristic designs with plenty of glass, high-tech interiors, and luxurious touches that set them apart from established luxury brands. Although its performance is impressive, even among fast EVs, the Air struggles with below-average reliability.