From Yahoo Finance: 2025-06-14 04:23:00

Lucid Group (NASDAQ: LCID) is experiencing rapid growth in electric vehicle (EV) sales, with revenue expected to jump by 73% in 2025 and close to 100% in 2026. However, Trump’s proposed bill includes a provision to eliminate federal tax credits for EVs, potentially increasing prices by $4,000 to $7,500 and impacting demand. Lucid’s sales growth is driven by its Gravity SUV, a shift towards more popular SUVs in the U.S. market. To ensure long-term growth and stability, Lucid must develop mass-market vehicles priced under $50,000 and secure additional funding. The company’s future success hinges on navigating these challenges effectively.



Read more at Yahoo Finance: Could That Bankrupt Lucid Group?