Think It’s Too Late to Buy Lucid Group? Here’s the Biggest Reason Why There’s Still Time.
From Yahoo Finance: 2025-03-22 08:45:00
Lucid Group (NASDAQ: LCID) shares are currently valued at 7.3 times sales, cheaper than in years past. Growth estimates for 2025 predict a nearly 100% increase in sales. Electric car stocks, including Lucid, saw valuations drop by 30% or more in early 2025.
Despite trading at a discount to Tesla, Lucid is expected to grow revenue by 94% this year, compared to just 8% growth for Rivian. Tesla’s long-term advantages include brand recognition and capital strength. Lucid’s Gravity SUV platform is projected to boost sales growth significantly this year.
Investors considering Lucid Group stock should note the sudden departure of the CEO. Shares are trading at an all-time low valuation while growth rates are expected to rise. The Motley Fool identified 10 top stocks for investors, none of which include Lucid Group. Don’t miss out on potential returns.
Read more: Think It’s Too Late to Buy Lucid Group? Here’s the Biggest Reason Why There’s Still Time.