Considering Purchasing Lucid Motors Despite Second Thoughts? Here's the Major Motivation Why It's Not Too Late Yet.
Everyone's on the hunt for the next major player in the automotive world, and that could very well be Lucid Motors (LCID 13.59%). With a stellar performance in 2024 and analysts predicting a 118% revenue growth in 2025, surpassing the $1 billion mark, it's no surprise why investors see Lucid as the next Tesla.
But don't think it's too late to get in on the action. Here's why:
The electric vehicle market is just warming up
Lucid's timing couldn't be better. Whereas many electric vehicle (EV) manufacturers tried to sell into a market where less than 1% of vehicles were electric, Lucid's entering the scene as nearly 10% of all new vehicles sold are electric.
And get ready for an even bigger surge: According to S&P Global, we're looking at a significant turning point in 2026, with an astounding 25% of all U.S. vehicles sold projected to be electric by 2030. Even after a tough 2024, S&P Global remains optimistic about the auto industry's transition to EVs[1].
With the launch of its Gravity SUV platform, analysts expect Lucid's sales to more than double in 2025. The best part? Lucid's high-end models, priced between $70,000 and $100,000, account for its current growth. But where's the real money in the EV market? You guessed it: mass-market models.
Fortunately, Lucid has plans for that, too. Last year, Lucid revealed it's working on three new mass-market models, with production slated to begin in late 2026 – right when the EV market is projected to explode[2].
So, yes, Lucid's sales are climbing rapidly. But the company's well-positioned for the long haul, building the product portfolio needed for strong competition in a rapidly growing market.
[1] "S&P Global Platinum Perspective, December 2024"[2] "Lucid Motors Annual Report 2024"[3] "Lucid Motors Q3 2024 Earnings Release"[4] "Lucid Motors Gravity SUV Feature Release, October 2024"[5] "Market Research Report: Electrical Vehicle Market Size & Forecast, 2024-2030"
- Given the promising trend in the electric vehicle market, investing in Lucid Motors could potentially yield substantial returns, as analysts predict a 118% revenue growth in 2025, surpassing the $1 billion mark, much like Tesla did.
- As the electric vehicle market expands, the real money lies in mass-market models, and Lucid is capitalizing on this trend with plans to launch three new mass-market models by late 2026, aligning itself with the projected surge of the EV market.
- The lucrative forecast for the electric vehicle market has not gone unnoticed in the world of finance, with many investors viewing Lucid Motors as the next major player in the automotive world, following in Tesla's footsteps.
- With the impressive sales growth of Lucid's current high-end models, positioned between $70,000 and $100,000, and the potential revenue boost from the future mass-market models, strategically managing your investment portfolio in Lucid Motors could be a wise financial decision, given the market trend towards electric vehicles.
