Lucid Group expected to double revenue in 2025
fool.com —
Lucid Group's stock has dropped nearly 30% this year, reaching low valuation levels. Analysts expect revenue to grow by almost 100% in the next 12 months, despite challenges like CEO departure and uncertainty over electric vehicle demand. The company recently began shipments of its Gravity SUV, which could significantly boost sales. Analysts predict a 94% sales growth in 2025, marking a potential turning point for Lucid. Looking ahead, Lucid plans to launch new mass-market vehicles priced under $50,000 in 2026. This could expand its customer base, similar to Tesla's success with affordable models. However, uncertainties remain regarding production and financing.