Lucid Group Sales Forecast
Lucid Group (NASDAQ: LCID) is projected to see over 70% revenue growth this year, with an additional 97% increase anticipated by 2026. The company’s recent launch of its Gravity SUV model, which has expanded its lineup from one to two vehicles, positions it well to capitalize on the SUV market—over half of vehicles sold in the U.S. are SUVs.
Despite these growth prospects, Lucid’s market cap remains only $6.4 billion, significantly lower than competitors like Tesla and Rivian, which limits its access to capital in a capital-intensive industry. Analysts suggest that while Lucid is currently a reasonable investment for growth-focused investors, concerns remain regarding execution risks as over 30 EV makers have failed in the last decade.
