Every Lucid Group Investor Should Keep an Eye on These 3 Numbers

Core Viewpoint - Lucid Group is anticipated to experience significant sales growth, with revenue expected to nearly double by 2025, driven by new mass market models and the introduction of the Gravity SUV platform [1][2]. Group 1: Sales Growth and Market Position - The company is in a phase of heavy top-line growth due to the recent introduction of its Gravity SUV platform and plans for more affordable electric vehicles, which is positive for investors [2]. - Analysts predict that Lucid's revenue growth trajectory could persist for several years, indicating a strong market position [1]. Group 2: Financial Health and Profitability - Despite the promising sales growth, Lucid has not yet reached profitability, with gross margins remaining deeply negative, meaning the company incurs losses on every vehicle sold [3]. - The company generated negative free cash flow of $3 billion last year, with cash burn accelerating towards the end of the year, raising concerns about liquidity and access to capital [5]. Group 3: Shareholder Dilution and Future Outlook - The total number of shares outstanding has increased in recent quarters, suggesting that the company is resorting to dilution to maintain solvency [3]. - If gross margins do not improve significantly, Lucid may need to dilute shareholders further to fund its aggressive revenue growth, potentially leading to poor stock performance despite sales increases [6].