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
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 84 Buy predictions and 51 Sell predictions.
As a result the target price of 220 € shows a slightly positive potential of 19.06% compared to the current price of 184.78 € for Tesla Inc.
