Why Lucid (LCID) stock is 2025’s best bargain
The post Why Lucid (LCID) stock is 2025’s best bargain appeared on BitcoinEthereumNews.com.
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: Finbold Lucid stock buying opportunity With LCID stock highly speculative, several factors potentially make it an investment opportunity for those banking on future growth. For instance, Lucid shows signs of turning things around after reporting impressive delivery and production numbers. The company produced 9,029 units and delivered 10,241 cars in 2024, including 3,386 vehicles built and 3,099 delivered in Q4. This marks a 71% surge in deliveries and a 7% increase in production compared to 2023. One of Lucid’s biggest advantages is its financial backing. With enough cash to keep operations running into 2026, there’s no immediate risk of bankruptcy. Additionally, Saudi Arabia’s Public Investment Fund (PIF), which owns more than 60% of the company, could provide further support if necessary. Another promising development is the upcoming launch of the Gravity SUV. Since SUVs tend to outsell sedans in the U.S., this new model could help Lucid expand its customer base and increase revenue. Lucid’s CEO, Peter Rawlinson, has hinted at potential partnerships with traditional automakers, which could further enhance efficiency and help scale production. While no official deals have been announced, collaboration with established carmakers could be a game-changer, allowing Lucid to leverage economies of scale and reduce expenses. At the same time, the LCID stock price is an attractive option for investors with a strong risk…
Filed under: News - @ February 4, 2025 12:23 pm