Lucid Doubling Production Isn't Enough: Why the EV Maker's Financial Forecast Signals Risks Through 2026
Lucid Group (NASDAQ: LCID) is one of many electric vehicle (EV) start-ups trying to catch the lightning in a bottle that was Tesla. Given the increase in competition in the vehicle niche, investors have figured out that this is probably an unrealistic goal.Image source: Getty Images.This may explain why, after a huge early rally in the shares, Lucid's stock has now fallen over 90% from its peak. Unlike many peers, however, Lucid is still trucking, with plans to double its production in 2025. Is that enough?Continue reading
Lucid Group (NASDAQ: LCID) is one of many electric vehicle (EV) start-ups trying to catch the lightning in a bottle that was Tesla. Given the increase in competition in the vehicle niche, investors have figured out that this is probably an unrealistic goal.
Image source: Getty Images.
This may explain why, after a huge early rally in the shares, Lucid's stock has now fallen over 90% from its peak. Unlike many peers, however, Lucid is still trucking, with plans to double its production in 2025. Is that enough?
