Where Will Lucid Motors Stock Be in 5 Years?
While electric vehicles (EVs) still promise to transform the global automotive industry, small players like Lucid Motors (NASDAQ: LCID) no longer generate the same excitement they did in 2020 and 2021. Business performance has also been lackluster, with slow growth and huge losses.Hype cycles come and go, as do companies that cannot justify their existence by benefiting shareholders. Let's dig deeper to see if Lucid can survive this rough patch over the next five years and beyond.While the media has become gloomy about the EV industry, the data suggests this is still a massive growth opportunity. Analysts at Goldman Sachs expect EVs to represent half of global car sales by 2035 as environmental rules tighten and car tech becomes more sophisticated.Continue reading
While electric vehicles (EVs) still promise to transform the global automotive industry, small players like Lucid Motors (NASDAQ: LCID) no longer generate the same excitement they did in 2020 and 2021. Business performance has also been lackluster, with slow growth and huge losses.
Hype cycles come and go, as do companies that cannot justify their existence by benefiting shareholders. Let's dig deeper to see if Lucid can survive this rough patch over the next five years and beyond.
While the media has become gloomy about the EV industry, the data suggests this is still a massive growth opportunity. Analysts at Goldman Sachs expect EVs to represent half of global car sales by 2035 as environmental rules tighten and car tech becomes more sophisticated.
