Lucid Group (LCID 4.64%) is entering one of the most exciting years in its history. Following the recent launch of its Gravity SUV platform, analysts expect the company to more than double its sales this year. That's a big reason why shares are priced at a lofty 11 times sales.If you're betting on this growth stock, make sure you also pay attention to the metric I talk about below. Long term, it could prove just as important as sales growth. Lucid needs this number to improveCreating and scaling an electric ...

Although electric vehicle (EV) manufacturer Lucid (NASDAQ: LCID) has faced its share of troubles in the past year, the equity could be a compelling case for 2025, given its underlying fundamentals and growth prospects.As a recap, LCID has consistently traded below the $5 resistance level in the past year, dropping by over 13% during this period. At the close of the last trading session, Lucid share price was $2.80, up about 1.4% in 24 hours.LCID one-week stock price chart. Source: FinboldLucid stock buying ...

Many electric car stocks had a difficult 2024. Industrywide growth fell below initial expectations, with some EV stocks falling in value by 50% or more. But the long-term growth trajectory of EV demand remains intact.So if you have $1,000 with you that you won't require for essential spending, and additionally looking to add high-growth stocks to your investment portfolio, now could be your chance. One of the three EV manufacturers below should be a fit for you.Go for growth with Lucid MotorsWhen it comes t ...

Lucid Motors (NASDAQ: LCID) has freshly announced the appointment of Taoufiq Boussaid as its new Chief Financial Officer (CFO), with his tenure set to begin on February 25, 2025. Boussaid brings extensive expertise in financial strategy, operational efficiency, and corporate growth, positioning him as a key addition to Lucid’s leadership team as the company navigates its next phase of expansion.Peter Rawlinson, CEO and CTO of Lucid, emphasized the significance of this appointment in the company’s broader st ...

NEWARK, Calif., Jan. 28, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced the appointment of Taoufiq Boussaid as Chief Financial Officer, planned to become effective February 25, 2025. Interim CFO Gagan Dhingra will be promoted to Senior Vice President, Finance and Accounting and also continue as Chief Accounting Officer, reporting to Boussaid once he assumes the CFO role. Taoufiq Boussaid "Taoufiq is joining Lucid at a pivotal ...

Lucid Motors (NASDAQ: LCID) stock hasn’t experienced a truly positive streak since early 2023, and even that upswing barely lasted a month. Indeed, LCID shares are nearly 90% down since the electric vehicle (EV) maker’s initial public offering (IPO) following a string of missed forecasts and lukewarm recovery efforts.LCID stock all-time price chart. Source: FinboldFebruary 2025, however, might bring a change for the embattled company as the latest Wall Street analyst consensus demonstrates significant optim ...

"Lucid Gravity is the first SUV that truly compromises nothing," said Peter Rawlinson, CEO of Lucid. "It reimagines what an SUV can be, offering an unprecedented combination of comfort and space, ride and handling, practicality and range, and with today's announcements, exceptional charging performance and convenience. With seating for up to seven full-size adults and space for their luggage, the Lucid Gravity truly is the ultimate vehicle for the whole family." "Lucid Gravity offers next-level fast chargin ...

It's been a bumpy ride for many electric vehicle (EV) stocks over the past few years, and both Rivian Automotive (RIVN 2.24%) and Lucid Group (LCID 2.57%) have felt each jarring pothole. Rivian's shares have tumbled 79% and Lucid's have fallen 92% over the past three years.If those declines haven't scared you off, then you might, like me, have a long-term optimistic view of the EV market. And there have been glimmers of hope. Sales of electric vehicles rose 7% in the U.S. last year, reaching 1.3 million.How ...

Core View - The stock market offers opportunities for significant returns through strategic investments, with two equities identified as having potential for six-figure returns within five years [1] Lucid Motors (NASDAQ: LCID) - Lucid Motors faces competition in the EV space but has a promising roadmap despite challenges like supply chain issues [2] - The company's standout product, the Lucid Air sedan, is known for its range and advanced technology, with partnerships like Aston Martin adopting its motors and batteries [3] - Lucid is expanding its lineup, including the anticipated Gravity SUV, and plans to launch a midsize platform by 2026 [3] - Significant financial backing from Saudi Arabia's Public Investment Fund (PIF) provides a cash runway through 2026, aligning with Saudi Arabia's economic diversification strategy [4] - Q3 2024 revenue was $200 million, slightly above analysts' expectations of $198 million, marking a 45.2% increase from Q3 2023 [4] - Revenue projections for Q4 2024 are $209.3 million (33% YoY increase), with Q1 2025 expected to reach $252.18 million (46% YoY increase) [5] - Full-year 2024 revenue is projected at $780.28 million (31% increase from 2023), with 2025 revenue expected to soar 117% to $1.7 billion [5] - Despite supply chain delays in Q4 2024, Lucid produced 3,386 vehicles and delivered 3,099, surpassing annual guidance for the first time since 2022 with 9,029 vehicles produced and 10,241 delivered in 2024 [6] - Potential headwinds include operational challenges and over-reliance on the Saudi government, with regulatory changes like EV tax credit rollbacks posing risks [7] - LCID stock was trading at $2.79, up 2.5% for the day but down nearly 8% year-to-date, with key resistance levels at $5 and $10 [8] SoundHound AI (NASDAQ: SOUN) - SoundHound AI is a promising AI stock, specializing in voice AI and speech recognition technology, with significant growth potential in the AI sector [9] - The company operates across industries like automotive, hospitality, and restaurants, with clients including Hyundai, Applebee's, and Chipotle [10] - SoundHound AI holds 150 patents (115 pending) and has a cumulative subscription and booking backlog exceeding $1 billion [10] - High-profile endorsements, including an investment from Nvidia, strengthen its position in the AI space [11] - Analyst Chetan Woodun views Nvidia's backing as a strong endorsement, setting SoundHound AI apart from competitors [12] - The company aims to achieve profitability by 2025, with revenue projected to double from $46 million in 2023 to $100 million [12] - SOUN stock was trading at $15.84, down over 3% in the last 24 hours [12] Summary - Both Lucid Motors and SoundHound AI offer affordable entry points with significant growth potential, driven by expansion in the EV and AI sectors respectively [14]

Shares of the electric vehicle start-up Lucid Group (LCID 4.60%) fell 9.4% this week, according to data from S&P Global Market Intelligence, as President Trump rescinded mandates for electric vehicle (EV) production in the U.S. and indicated he might eliminate tax incentives for electric vehicles.A less hospitable EV environmentEarlier this week, President Trump revoked a 2021 executive order signed by former President Biden, which set a non-legally-binding goal for 50% of all new vehicles sold in the U.S. ...