Between the company's rally in the bull market of 2021 and its lows amid a surprise leadership change earlier this year, investors generally have considered it an expensive stock.

This is the S&P 500 dating back to 1957, when the index expanded to 500 companies and acquired its current name. Since then, it has increased by an astounding 14,000%. That works out to a compound ...

This chart shows Lucid Group's true potential Despite generating less than 1% of Tesla's revenue, Lucid Group still trades at roughly half the valuation of Tesla on a price-to-sales basis.