Prediction: Buying Lucid Group Stock Today Could Set You Up for Life

If you want to add significant upside potential to your portfolio, check out electric car stocks. In 2021, electric vehicles (EVs) represented just 3.4% of all vehicle sales in the U.S. By 2030, however, nearly 30% of all vehicle sales are expected to be electric.As Tesla stock has proven, big gains are possible by investing early. While plenty of risks remain, Lucid Group (NASDAQ: LCID) could very well be the next Tesla, potentially generating huge wealth for your portfolio in the process. Right now, there are two reasons in particular to believe Lucid shares are a compelling "buy it for life" investment.One of the biggest drivers of growth in an EV maker's journey is the launch of so-called "mass market" vehicles. These are cars that are affordable to the masses, with price tags typically under $50,000. Yet again, Tesla provides clear proof of how valuable the launch of mass market vehicles can be. Today, its two most affordable models -- the Model 3 and Model Y -- account for more than 90% of its vehicle sales. Without these two models, Tesla would arguably be just a fraction of its current size. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool