Where Will Lucid Motors Stock Be in 5 Years?
With its shares down by an eye-watering 42% year to date, Lucid Motors (NASDAQ: LCID) has been a nightmare for recent investors. The automaker is grappling with slowing growth, spiraling losses, and weakening consumer sentiment in the electric-vehicle (EV) industry, putting its long-term survival in doubt.
Below, I'll dig deeper into what the next five years could have in store for this struggling automaker.
When it hit public markets through a special-purpose acquisition company (SPAC) merger in July 2021, Lucid benefited from the optimism surrounding other EV makers like , which had risen to all-time highs in the post-pandemic period. Interest rates were low, consumer spending was high, and the market seemed willing to overlook weak fundamentals in favor of future potential. But this didn't last.
Source Fool.com
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