AI sets date when Lucid stock will trade at $10

Core Viewpoint - An AI tool predicts that Lucid (NASDAQ: LCID) is likely to trade below the $10 mark for an extended period, with current trading at $2.28, down 0.77% but up over 11% in the past week [1][6]. Company Performance - Lucid's Q1 2025 results showed $235 million in revenue from 3,109 vehicle deliveries, with a target to produce about 20,000 vehicles this year and ending the quarter with $5.76 billion in liquidity [9]. - The company faces challenges such as high cash burn of $3 billion annually, limited vehicle deliveries, and an unclear path to profitability [5][10]. Market Outlook - The AI model suggests that Lucid could potentially reach the $10 level between 2027 and 2029, contingent on optimistic assumptions and a turnaround that has yet to be demonstrated [4][5]. - In the short term, the stock is expected to remain in the $2.50 to $4.50 range over the next 18 months, with no expectation to trade above $5 by the end of 2025 unless there is a significant increase in vehicle deliveries or a speculative retail rally [11]. Strategic Considerations - Key milestones for Lucid include the successful launch of an affordable EV in 2026 and strong performance from the upcoming Gravity SUV, which could improve margins and expand market share [7]. - Maintaining strong support from Saudi Arabia's Public Investment Fund (PIF) and securing alternative funding sources are critical for sustaining investor confidence [10].