Reviewing Lucid's Stock Performance and Forecast for the Next 3 Years
Sunday, 5 May 2024, 18:42
What happened to Lucid over the past three years?
Lucid faced challenges in meeting delivery and revenue targets attributed to supply chain constraints and pricing pressures.
Data Source
- Estimated Deliveries and Actual Deliveries showed a significant gap in numbers, impacting revenue projections.
- Lucid blamed performance on its supply chain, macro headwinds, and the delayed launch of the Gravity SUV.
What will happen to Lucid over the next three years?
Lucid's future production targets and revenue forecasts remain uncertain, with analysts projecting a more cautious outlook for future growth.
In Forecast
- Analysts expect Lucid's revenue to reach $4.51 billion in 2026, showing a compound annual growth rate (CAGR) of 96% from 2023.
- Operational issues and competition in the EV market weigh on Lucid's stock performance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.