Where Will Lucid Group Be in 3 Years?

Since going public in 2021, Lucid Group (NASDAQ: LCID) has seen its stock struggle mightily, losing more than 80% of its value in that time period. After the steep decline, however, shares of the electric vehicle (EV) maker trade at a much lower valuation. Over the next few years, sales should grow tremendously. In 2025 alone, analysts expect the company to nearly double its revenue.This looks like a great time to buy into an exciting growth stock at a discount. However, there are two risks you'll want to monitor before jumping in.Starting out as an electric vehicle maker is extremely difficult. Scores have gone bankrupt over the decades. The main issue has been funding. To start a car manufacturer from scratch, billions of dollars need to be invested over many years. Profitability can take a decade or longer to achieve. The trick isn't necessarily to produce great vehicles that consumers love -- it's to survive financially until scaling becomes possible.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool