Where Will Lucid Group Be in 10 Years?
The next few years should be pivotal for Lucid Group (NASDAQ: LCID). The company recently onboarded a new CEO, started production on its new Gravity SUV platform, and announced several new vehicles, the first of which is expected to start production in late 2026.
But what about the next 10 years? Keeping an eye on the long term is critical for investors. And the decade ahead might hold more surprises than you'd expect.
Last week, Lucid opened a new research and development hub in Arizona. The company had previously purchased the facilities from Nikola Corporation, a defunct EV start-up. "These new facilities provide Lucid with immediate and substantial capacity for advanced manufacturing activities, as well as developing product innovations and testing components and systems," a company representative noted.
Source Fool.com
