Where Will Lucid Be in 1 Year?
Lucid (NASDAQ: LCID) has been making electric vehicles for a few years and, like many EV start-ups, is working hard to build a brand, ramp up production, and carve out a niche in an increasingly competitive space.
Some things have gone well for the company, like its Air sedan earning top automotive awards and the company recently launching an impressive Gravity SUV model. But the past few years also haven't been easy for Lucid, as its losses have widened and its share price has dropped 72% from its 2021 IPO.
The next year could be difficult for EV stocks, and Lucid specifically, as the Trump administration creates a less hospitable electric vehicle market and Lucid deals with the high cost of making EVs. Here's what the next 12 months could look like.
Source Fool.com
