Where Will Lucid Group Stock Be in 10 Years?

From many perspectives, the next decade should prove very exciting for Lucid Group (NASDAQ: LCID). The company plans to release several new models in the years to come, and may ultimately pursue a strategy shift that aligns itself more closely with the biggest electric vehicle (EV) stock in the world: Tesla.Where will Lucid be 10 years from now? Investors should be focused on two primary catalysts.The biggest growth catalyst for EV companies has been the introduction of mass market vehicles. That is, vehicles that are priced low enough for the masses to afford them. Right now, Lucid's existing lineup can cost $100,000 or more depending on options. Put simply, the vast majority of people will never even consider a Lucid model for purchase. That's a big problem considering more than 90% of Tesla's sales now come from just two models: its affordably priced Model 3 and Model Y.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool