Where Will Lucid Be in 1 Year?
Lucid Group (NASDAQ: LCID) is one of a small number of electric vehicle (EV) start-ups that have actually managed to produce a material number of vehicles for sale. It is nowhere near the scale of industry heavyweight or the legacy automakers, but it has achieved a great deal in a short period of time.
So where will Lucid be in one year? There are actually two answers to that question that are important to consider.
Making cars is an incredibly capital-intensive affair. That's important to keep in mind as you consider Lucid's progress. What started as a mere idea has turned into a factory that is producing thousands of EVs a year. That's a huge achievement, and it was a very costly one to pull off. What Lucid has done is, without question, impressive. But it isn't enough.
Source Fool.com
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