From Nasdaq.: 2024-04-08 03:02:00

Lucid Motors (NASDAQ: LCID) has been facing challenges, including production cuts, price slashes, widening losses, and low delivery numbers. With high interest rates and slowing EV demand, investors wonder if it’s time to give up on the company.

Despite struggles, Lucid has enough liquidity to survive, unlike Fisker. The industry is moving towards more price competitive EVs by 2027, which could benefit Lucid in the long run.

Upside potential for Lucid lies in its new Gravity crossover, launching later in 2024 at a lower price point, expanding its consumer base. The company plans to introduce more affordable vehicles eventually, aiming to compete with Tesla’s Model Y in 2026.

Investors should hold on, as 2024 presents challenges for EV start-ups like Lucid. The success of the Gravity launch will be crucial in determining the company’s long-term prospects in the EV market.



Read more at Nasdaq.: Is It Time to Give Up on Lucid?