Where Will Lucid Stock Be in 10 Years?
According to analysts at Goldman Sachs, electric vehicles (EVs) will grow to represent a whopping 50% of all vehicle sales by 2035. And Lucid Motors (NASDAQ: LCID) aims to stake its claim on this rapidly expanding opportunity.
But while the automaker has started production, it still struggles with spotty growth and unsustainable cash burn. Let's discuss what the next 10 years could hold for the company and its investors.
Founded by former executives in 2007, Lucid Motors is an electric automaker that focuses on the luxury side of the market, with high-end vehicles emphasizing design, power, and amenities. But despite having a well-defined niche, it has struggled to create shareholder value -- with the stock falling by over half since its initial public offering (IPO) in mid-2021.
Source Fool.com
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