Insiders that own company stock include Michael Bell and Public Investment Fund. However, one EV stock that survived the broader sell-off was Lucid Group (LCID -7.81%), which has seen its stock nearly double in value over the past three months. By January 2027, 5 years from now, Wallet Investors projected stock price for LCID was in the range of $57.511 to $58.461. The size of the potential loss is limited to the funds held by us for and on your behalf, in relation to your trading account. Besides potential customers, investors have also taken notice of Lucid, so let's look down the road to see what it expects over the next few years. That growth trajectory would be similar to Teslas over the past decade. Lucid Stock Price Prediction 2025 | Will it Drop. Easing bottlenecks, coupled with the upcoming launch of a new vehicle (the Gravity electric SUV), may mean another massive jump in production and deliveries. Sign-up to receive the latest news and ratings for Lucid Group and its competitors with MarketBeat's FREE daily newsletter. Today's Change. To put this in perspective, consider that over the past five years, Tesla has reported an average gross margin of 19.7%. Why Is SoFi Stock Down After Earnings? Moreover, it's a technology that Rawlinson has acknowledged isn't his forte. The implication? But as you know, I'm very open here in Silicon Valley to potential partnerships in terms of the software. While Tesla was in third place. The company's average rating score is 2.13, and is based on 3 buy ratings, 3 hold ratings, and 2 sell ratings. Theyve been working on a super-secret Apple Car project since 2015. The company reported a highly impressive gross margin of 28.8% in FQ3. On December 19, 2022, Lucid Group Inc. closed a $1.5 billion funding round, including Saudi Arabia's Public Investment Fund's purchase of nearly 86 million company shares. But after it reins in its initial spending, Lucid believes it will turn profitable on an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis in 2024, and that its free cash flow (FCF) will turn positive in 2025. My modeling suggests this tiny stock could soar 40X over the next few years. Social Security Cuts May Be Coming. Consequently, Lucid projects generating $1.52 billion in free cash flow in 2026. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. Making use of vertically integrated production processes, the company manufactures its own electric motors, battery packs and transmission systems. However, we aren't convinced yet. Price as of April 28, 2023, 4:00 p.m. Lucid plans to increase its annualized production run rate from 20K by 2022 to 500K by 2030. Why Is SoFi Stock Down After Earnings? With a 5-year investment, the revenue is expected to be around +368.09%. At what age can you collect Social Security? On Monday, he and CFO Sherry House both indicated that Lucids recent stock surge is a sign that Wall Street is already starting to see the company as more like Tesla than a typical automaker. The companys first EV product, Lucid Air, hit the market later that year. Get short term trading ideas from the MarketBeat Idea Engine. And never invest more money than you can afford to lose. Positive dynamics for Lucid Group shares will prevail with possible volatility of 2.604%. Those stores will be busier than Teslas. Its expected to boost the companys capacity from 34,000 to 90,000 units per annum. And late last year, the company reportedly increased investments into the project so as to accelerate its development timeline. Lucid at current prices sports a $16 billion market cap, against trailing 12 month losses of around $1.9 billion, and a tangible book value of $3.2 billion. Forecasting service Wallet Investor predicted that the Lucid stock future price could reach a high of $24.619 by December 2022. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Otherwise, investors would have to rely a lot on speculation and conjecture when considering Lucid's autonomous driving capabilities. I wrote this article myself, and it expresses my own opinions. The firm designs, creates and builds energy storage systems for electric vehicles and supplies other automakers with the vehicle platform needed to power plug-in, hybrid and electric vehicles. Each player selected in the first round will get a four-year contract, but only signing bonuses are guaranteed. Based on the belief that it'll sell about 1,000 vehicles this year, Lucid expects to book $97 million on the top line. If you are looking for stocks with good return, Lucid Group Inc stock can be a bad, high-risk 1-year investment option. Q. Social Security Cuts May Be Coming. However, merely hitting current expectations may be tough to achieve. Given recent news out of the company, this makes sense. It expects the company to consistently generate a gross profit, averaging about 22% from 2023 through 2026. When is Lucid Group's next earnings date? 2023 InvestorPlace Media, LLC. To make the world smarter, happier, and richer. The stock price is great, House said in an interview with CNBC. VP of Accounting & Internal Controls and Principal Accounting Officer. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.39) by $0.01. Amazon Stock Price Prediction 2025 | Should We Invest Now? Our Ai stock analyst implies that there will be a negative trend in the future and the LCDX shares are not a good investment for making money. Can Lucid actually grow into its frothy valuation over the next 10 years? Over the next five years, Lucid foresees considerable growth in production, including the introduction of an SUV, Project Gravity, in 2023. This is a big win for Lucid. We believe ramping up production will be Lucid's most challenging endeavor. Lucid Motors is in line for a huge 2022. Tesla cancelled its Model S Plaid+, its 500-plus mile range version, and the only version capable of rivalling Lucid Motorss Air Dream Edition in terms of range. Lucid Group generated a negative expected return over the last 90 days: Lucid Group has high historical volatility and very poor performance: The company reported the previous year's revenue of 608.18 M.Net Loss for the year was (1.3 B) with loss before overhead, payroll, taxes, and interest of (1.04 B). In fact, theres a tiny, $3 technology stock that I think may be the single most compelling 12-month investment opportunity in the market today. My frank observation is that Chinese automobile companies are the most competitive in the world, especially because some are very good at software. In five years time, the LCID future stock price is estimated to be $136.91. So whatre you waiting for? Over the next three to five years, Lucid stock will meaningfully outperform TSLA from current levels. After taking a look at management's forecasts for the next five years, it's no wonder that investors are excited about Lucid's prospects. Tesla (TSLA) has been the industry leader for years. Lucid Group Inc real time quote is equal to 7.000 USD at 2023-04-25, but your current investment may be devalued in the future. The P/E ratio of Lucid Group is -6.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. For one, itll be standing alone as the de facto brand of luxury EVs above Tesla, Audi and Porsche (POAHY). Looking forward, we remain intently focused on ramping production and are excited about our product roadmap in 2022 and beyond with Air Grand Touring Performance deliveries expected in June; Air Touring and Air Pure later this year; and with our Project Gravity SUV remaining on target to begin production in the first half of 2024., With todays signing ceremony, we are taking a major step towards Saudi Arabias goal of diversifying its economy by creating a new manufacturing hub to spearhead the future of mobility for the Middle East region. Lucid Group's mailing address is 640 FIFTH AVENUE 12TH FLOOR, NEW YORK NY, 10019. I was the Battalion Second-in-command of an Armored Regiment. What Will Lucid Stock Be Worth In 5 Years. We have no experience to date in high volume manufacture of our vehicles. Save my name, email, and website in this browser for the next time I comment. A high percentage of insider ownership can be a sign of company health. Itll also have stores in all the high-class malls, like Tesla does today. Join us as we undertake Lucid stock analysis and get analyst insights on LCID stock price predictions. It seems like their software strategy has not been moving in sync with its advances in powertrain and battery. Transform your investment strategy with our popular Investing Groups service., Ultimate Growth Investing specializes in a price action-based approach to uncovering the opportunities in growth and technology stocks, backed by actionable fundamental analysis., We believe price action is a leading indicator., Price action analysis is a powerful and versatile toolkit for the informed investor because it can be used to analyze any publicly traded security. It continues to prove itself and why we should all be fans of LCID stock. Indeed, weve been bullish on Tesla for so long that weve scored our readers 2,000%-plus gains on the stock. Tesla Stock Price Prediction 2025 | Profit or Loss? Join thousands of other investors who make better investing decisions with our premium tools. Lucid at current prices sports a $16 billion market cap, against trailing 12 month losses of around $1.9 billion, and a tangible book value of $3.2 billion. NIO Inc. is a pioneer in China's premium electric vehicle market. Trading and Investing involve high risk, please consult your financial advisor before making any decision and moneystreet.us will take no responsibility for the consequences. From their current market capitalizations today, Visa ( V 1.62%), ASML ( ASML 1. . We also have plants in other parts of the world, in the Middle East and in China. After dialing back expectations throughout 2022, investor confidence in Lucid Group seems to be growing once again. As a result of the merger, Churchill Capital and Lucid Motors were renamed Lucid Group and shares of CCIV switched over to the LCID ticker. Since the start of this year, Lucid stock has plummeted by nearly 55% from $40.93 to its last close price of $18.96 on 8 June 2022. In terms of brand and technology, it will be in a class all its own. Lucid believes it can generate approximately $2.2 billion in revenue this year by shipping 20,000 vehicles. Article printed from InvestorPlace Media, https://investorplace.com/hypergrowthinvesting/2022/10/where-will-lucid-motors-be-in-5-years/. This estimate is a 105.85% increase from the current price of 18.89. Pessimistic target level: 8.14. Lucid Motors stock is a promising long-term EV stock that started deliveries of its first electric vehicle in late Oct. 2021 . Lucid wants to massively expand globally and could be in line for a great short squeeze soon. Beginning in 2040, the price of Lucid stock could be $403.31. When can I buy Lucid Motors stock? (from Lucid's FQ3'21 earnings call). Lucid Group had a negative trailing twelve-month return on equity of 39.86% and a negative net margin of 214.49%. To achieve this, it invests in its research and development initiatives, reporting $186.1m for R&D expenses for Q1 2022 11% higher than its outlay of $167.4 in Q1 2021. Lucid Group's stock was trading at $6.83 at the beginning of 2023. Lucid Motors Beats Tesla in Range, Going 520 Miles on a Charge, EPA Says - The New York Times. Peter Rawlinson joined Lucid Motors in 2013 as chief technology officer, a role he has maintained since being named CEO of the company in April 2019. On average, they anticipate the company's share price to reach $10.58 in the next twelve months. Also Read: Rivian Stock Price Prediction 2025, 2030, 2022, 2023, 2040, 2050, Also Read: NIO Stock Forecast 2025, 2022, 2023, 2030, 2040, 2050, Also Read: Tesla Stock Prediction 2022, 2023, 2025, 2030, 2040, Disclaimer: Stocks forecast / Price Prediction / Target or Crypto forecast / Price Prediction / Target given on our website is only for information purposes and to educate the stock market Participants / Traders / Investors. Receive LCID Stock News and Ratings via Email, Stocks that traded heavily or had substantial price changes Friday: JPMorgan Chase, BlackRock rise; Boeing, Lucid Group fall, Tesla's price cuts have initiated a full on war across the EV industry, however NIO has refused to follow along. Find the latest Lucid Group, Inc. (LCID) stock quote, history, news and other vital information to help you with your stock trading and investing. As the company scales operations, its selling general and administrative (SG&A) expenses grew 69% on the previous year $131.7m in Q1 2021 compared to $223.2m for Q1 2022. As of June, Lucid Group is accepting reservations for its EVs from customers across several European nations, including Austria, Denmark, Belgium and the Netherlands. Elon Musk mentioned recently that he considers his Chinese EV peers as Tesla's strongest competitors. Rawlinson highlighted that the company is on track to produce 20K units by 2022 and 50K by 2023, indicating a 150% YoY increase in its run rate. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LCID, but not buy additional shares or sell existing shares. Additionally, the fact that management has supplied the projected financial figures is critical to note. With a capacity to manufacture 155,000 EV units, this world-class facility would be built through financial support and incentives up to $3.4bn over the next 15 years, backed by the government of Saudi Arabia. Therefore it should also demonstrate a highly competitive software lead against Tesla and the Chinese EV players. Revenue for the company was reported to be $57.7m, beating analysts expectations of $55.56m. Taking a closer look, the stock remains at high risk of languishing for years in the stock market junkyard. Tesla's annual shipments rose from 22,477 vehicles in 2013 to 499,550 vehicles in 2020. The company reported $494.6m operating costs , up from $218.7m in Q1 2021. On 26 April, the EV maker reported a formal pledge undertaken by the Saudi Arabian government to purchase Lucid Air and future models, with an initial commitment to purchase 50,000 vehicles and an option for another 50,000. Sell TSLA stock into strength. The Motley Fool owns shares of and recommends Tesla. For one, while production may be set to ramp up, its unclear whether there is sufficient demand for Lucid to sell into. If the same 57% growth estimate is used, the stock will reach $66 by the year 2023. 8 analysts have issued 12-month price targets for Lucid Group's shares. The stock price is great, House said in an interview with CNBC. : Lucid Group currently holds about 3.34 B in cash with (2.23 B) of positive cash flow from . Lucid Group has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. And by the end of 2020, Tesla was worth $650 billion. Leo Sun has no position in any of the stocks mentioned. The official website for the company is iv.churchillcapitalcorp.com. The LCID (LCID ) future stock price will be 119.160 USD in 5 years. What will lucid stock be worth in 5 years. See:https://seekingalpha.com/who-to-follow, JR Research was featured as one of Seeking Alpha's leading contributors in 2022. Attracting a global leader in electric vehicles such as Lucid to open its first international manufacturing plant in Saudi Arabia reflects our commitment to creating long-term economic value in a sustainable, enduring, and globally integrated way. Unlock the key insights to growth investing with JR Research - led by founder and lead writer JR. Our dedicated team is focused on providing you with the clarity you need to make confident investment decisions. Nasdaq That means LCID stock will outperform TSLA. For all intents and purpose, in five years, Lucid will be where Tesla was around 2019 or 2020. Readers can easily observe the scale of Tesla's automotive gross margins (ex-credits) at an annualized run rate of 1M. How were Lucid Group's earnings last quarter? It means that we will be able to provide a car, which is competitive with range, at 300 miles, 400 miles. Moreover, Business Insider reported recently that Lucid's lack of experience in software could be troubling as it intends to compete with Tesla and the Chinese EV makers. Lucid Motors has joined McLaren Applied Technologies and Sony to develop Formula E specifications. Despite a market cap of nearly $70 billion, its earnings per share (EPS) is -306.76. (844) 978-6257. The content we provide here should not be considered as any financial advice or any other form of advice meant for investment or Trading. Despite Its Falling 92%, Cathie Wood Is Buying More of This Growth Stock. This means it may be maxing out its underlying tech. Data source: S&P Capital IQ. Lucid Group (NASDAQ:LCID) has a market capitalization of $13.40 billion and generates $608.18 million in revenue each year. It did so with a 113-kWh battery while earning efficiency ratings as high as 130/132 mpg-e city/highway. Lucid Motors Is Set Up To Surpass Tesla Nov 22. But with production ramping up next year, management believes revenue will grow considerably and continue to do so for the next five years. (from Insider article). Giga Shanghai has played a critical role in Tesla's global expansion plans. The car has an industry-leading range of 520 miles. Get daily stock ideas from top-performing Wall Street analysts. In fact, Ive been bullish on this company for a while. 1125 N. Charles St, Baltimore, MD 21201. Different trading strategies will suit different investment goals with short or long-term focus. And the best part? 4 in which I argued LCID stock is worth $42.87 per share. Lucid Motors stock is a promising long-term EV stock that started deliveries of its first electric vehicle in late Oct. 2021. Founded in 2007, the company has established a reputation for producing high-end electric vehicles. So I think scaling up volume is well within our sights. 5 Hypergrowth Stocks With 10X Potential in 2023, Q1 Earnings Is Giving Stocks the All-Clear, Rare Stock Indicators Show the Market Is About to Skyrocket, One Chart That Indicates This Bear Market Is Ending, The Forever Battery That Promises to Change the EV Industry, 3 Superior Hydrogen Stocks to Buy for the $11 Trillion Breakout. And as a tech company, it's our technology, which we are confident will put us in this preeminent position. And by the end of 2020, Tesla was worth $650 billion. ET. While the Lucid stock has plummeted down by almost 55% year to date, its Q1 2022 financial results have triggered optimism. Tesla is confident that its software and chip capability will accelerate its progress in autonomous driving. Worse yet, continued unprofitability could have a negative impact on the stock. Let's review its long-term ambitions to find out. All rights reserved. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. Given the company's long-term earnings growth potential, Lucid Motors is worth about $100 billion today. Shares of Lucid Motors are more than 50% off their 52-week high and not at a proper buy point, so the stock is not a buy right now. Its first car would be Lucid Air, which will go for production later this year. In contrast, Lucids reservation figures have been trending lower. And this is only the beginning. Who are Lucid Group's major shareholders? As of 8 June, data compiled by TipRanks showed that of three analysts covering the stock, two rated it a buy while one suggested sell. (from Lucid's FQ3'21 earnings call). By then, it wants 20,000 vehicles on the road and over $2 billion in revenue. But this is no longer true. Its Air Grand Touring Performance Range was anticipated to be available for deliveries from June 2022. Since then, it announced that Gravity will enter production in 2024. One should do own research and analysis before acting on these comments for any stocks. I would be buying Lucid stock (LCID) soon, Nasdaq 100 just did. Sign up now for a Risk-Free 14-Day free trial! Copyright Lucid has made a splash as the first electric vehicle to receive an EPA range estimate of more than 500 miles. This dilution could limit future potential returns. This surge in value is a clear indication that investors are growing more and more excited about electric vehicles. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Pick No. Tesla sidestepped those problems last year by rewriting its vehicle software for alternative chips, but other smaller EV makers -- like the electric pickup, SUV, and delivery van maker Rivian (RIVN -1.33%) -- struggled to overcome those supply chain challenges. And that gives the startup ample room to take the industry lead. ARK believes that Tesla will reach an automotive gross margin of 60% upon a successful robotaxi ramp by then. Rawlinson added: The next step will be to advance that software. Compare Top Brokerages Here. Disclaimer: All price prediction/forecast provided on our website is only for general information. But, we aren't sure the level of gross margins that Lucid is targeting over the next five years? In addition, the company's last-twelve-months (LTM) production run rate has increased tremendously. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. I do much more than just articles at Ultimate Growth Investing: Members get access to model portfolios, regular updates, a chat room, and more. The outlook for the future price of Lucid stock is positive, with the company having made $24 billion in earnings and consistently increasing revenue in the past year. Q. Lucid believes it can generate approximately $2.2 billion in revenue this year by shipping 20,000 vehicles. Lucid IPO took place on July 26, 2021, priced at $15 a share, raising $4.5 billion and valuing the company at $24 billion. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Lucid is entering the saturated EV market at a much higher price point than Tesla, so its total addressable market could actually be much smaller. Until more promising developments arise, err on the side of caution. Impressive. quotes delayed at least 15 minutes, all others at least 20 minutes. Long-term forecasts are based on making fundamental and technical studies of the stocks performance. says. On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article. A photo of the Lucid Motors Air EV from 2018. 8 Wall Street research analysts have issued 12-month price targets for Lucid Group's shares. According to Lucid AI-based technical analysis, the stock price dollar can reach $1000 in years 2044-45 (Forecast may change due to future data changes.) In addition, the company will surely face some bumps in the road over the next few years -- challenges that could result in the company failing to meet its growth projections. View our LCID earnings forecast. Given Lucid's 2030 target of 500K units, it may be unreasonable to assume similar levels of gross margins. Lucid Group will be holding an earnings conference call on Monday, May 8th at 5:30 PM Eastern. As you may recall, the SPAC predecessor to LCID stock hit prices nearing $65 per share around two years ago, on expectations that this EV startup was going to be the ultimate Tesla killer. Lucid Group has received a consensus rating of Hold. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. How many employees does Lucid Group have? What is Lucid Group's stock price forecast for 2023? Welcome to Capital.com. As a result, the lower price could be $534.23, the highest price could be $586.77, and the overall expected average would . Past performance is no guarantee of future results. Remember the '80s? Retail traders have long been drawn to EV stocks, and several have gone public with a blank-check vehicle known as a SPAC a move that attracts even more retail traders. Lucid's AMP-1 manufacturing plant in Arizona has an annual production capacity of 34,000 vehicles. Now, the tough part comes as it begins volume production and schedule for deliveries. According to Wallet Investor, Lucid Group stock could be in the range of $57.511 to $58.461 by January 2027. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Therefore, optimism surrounding LCID stock is expected. Rivian, another EV start-up, went public few months ago and has a market value of $140 billion(Correct me in the comment section if im wrong). The long-term earning potential is +7.44% in one year. Per Barrons, Wall Street analysts expect Lucids delivery numbers this year to grow more than five-fold, from 4,369 vehicles to 24,000 vehicles. This suggests a possible upside of 33.3% from the stock's current price. Lucid Group trades on the NASDAQ under the ticker symbol "LCID.". Lucid hopes to undercut Tesla with its Air Pure base version, capable of driving 406 miles and priced at just $77,400 excluding a $7,500 federal tax credit. This suggests a possible upside of 44.6% from the stock's current price. Join us and start seeing experiencing the quality of our service today. In 2021, the fund committed to purchasing at least 50,000 electric vehicles and up to 100,000 electric cars from Lucid Motors over ten years. But last November, it said its number of reservations had surpassed 17,000, up from 13,000 at the end of September. You're going to see that our gross margins are not going to be there initially because we're activating depreciation expense, we're training new employees, we're going to be driving efficiency within the manufacturing arena over the next year, especially the next 1.5 years. View LCID analyst ratings or view top-rated stocks. If Tesla achieves full autonomy, it could create significant competitive advantages for the company against Lucid. In 2025, Lucid expects to generate nearly $14 billion in revenue by delivering approximately 135,000 vehicles, including 42,000 Air sedans, 86,000 Gravity SUVs, and 7,000 to 8,000 units of a brand new model. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. This may be the most exciting investment opportunity in the market today. The firm has attracted investments from Tsing Capital, Mitsui, Venrock, and JAFCO. We hope that Lucid can also clarify its current software edge moving forward to help investors understand its technology better. Rivian Stock Price Prediction 2025 | What To Expect? Buy LCID stock on weakness. However, we are unsure over its production capability, and its software edge in autonomous driving. 326 E 8th St #105, Sioux Falls, SD 57103 Capital Com is an execution-only service provider. Not quite. One share of LCID stock can currently be purchased for approximately $7.32. Hailing from Silicon Valley, the global centre for technology and innovation, electric vehicle (EV) manufacturer Lucid Group (LCID) was founded in 2007. The company earns $-1,304,460,000.00 in net income (profit) each year or ($1.06) on an earnings per share basis. Apple will launch its own EV likely within the next two years. Tesla CEO Elon Musk emphasized: "If it takes a couple of days for a model to train versus a couple of hours, it's a big deal.". Therefore Lucid expects to match Tesla's stupendous capacity ramp over the last five years, but for eight immaculate years. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The company strongly believes that it's a technology company and competitor. The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023. You should conduct your own research and do proper analysis before investing in any stock. If you do, you probably recall the Cola Wars that dominated Super Bowl commercials and other major TV events. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Last year, the salary cap was $208.2 million. Relative newcomer Lucid is giving titan Tesla a run for its money. Phase-2 of its Casa Grande facility operations is currently underway. Lucid Group Stock Forecast 05-05-2023. In-depth profiles and analysis for 20,000 public companies. Learn More. (from Electrek article). That's an improvement of 6/17 mpg-e city/highway over the 405-mile, 100-kWh Tesla Model S Long Range. (from Barron's interview). Shares of LCDX can be purchased through any online brokerage account. Lucid Motors stands out for its groundbreaking technological innovation, vertical integration and clean-sheet approach to engineering and design. Lucid will have a lot to prove to demonstrate operating leverage as it scales. The market has evolved, and Lucid has the advantage of being a latecomer as well. All rights reserved. With most of its valuation still built . CEO, CTO & Director exercised options to buy US$5.4m worth of stock. We, . Lucid Group has stated that it believes in concentrating efforts on increasing the miles/kWh over reducing battery costs. The investing landscape is littered with companies that have provided ambitious earnings forecasts to drive investor enthusiasm yet who have failed to achieved their own guidance.
