Lucid Group Stock: Analysts Fear This 1 Problem Is "More Consequential" Than Investors Think
Lucid Group (NASDAQ: LCID) stock has tremendous long-term growth potential. Its market capitalization right now is under $7 billion -- less than 1% the size of Tesla. This year, sales are expected to grow by 78%. Next year, another 96% sales growth is expected. There's only one problem. According to analysts from Bank of America, there is one emerging risk that is "more consequential" than the market realizes. It's possible that this risk could eventually sink the entire business.After reporting a $397 million fourth-quarter loss this February, Lucid revealed that its longtime CEO, Peter Rawlinson, would be stepping down. It was a surprise to most investors. Rawlinson's comments made the move seem less abrupt than it appeared from an outside perspective, but his absence from the quarterly conference call drew uncertainty.Continue reading
Lucid Group (NASDAQ: LCID) stock has tremendous long-term growth potential. Its market capitalization right now is under $7 billion -- less than 1% the size of Tesla. This year, sales are expected to grow by 78%. Next year, another 96% sales growth is expected.
There's only one problem. According to analysts from Bank of America, there is one emerging risk that is "more consequential" than the market realizes. It's possible that this risk could eventually sink the entire business.
After reporting a $397 million fourth-quarter loss this February, Lucid revealed that its longtime CEO, Peter Rawlinson, would be stepping down. It was a surprise to most investors. Rawlinson's comments made the move seem less abrupt than it appeared from an outside perspective, but his absence from the quarterly conference call drew uncertainty.
