Think It's Too Late to Buy Lucid Motors? Here's the Biggest Reason Why There's Still Time.

Everyone wants to discover the next Tesla. Now one of the most valuable companies in the world, long-term Tesla investors have been extremely happy with their portfolios. For good reason, many investors believe that Lucid (NASDAQ: LCID) is set to become the next Tesla. The company's sales grew heavily in 2024, and analysts expect sales to grow by another 118% in 2025, pushing revenue well past the $1 billion mark. Think it's too late to jump in? Think again. There's still time to buy this electric car stock for one important reason.Lucid is ramping up its electric vehicle sales at the right time. Whereas scores of EV makers in the past were attempting to sell into a market where less than 1% of all vehicles sold were electric, Lucid is operating in a market where nearly one in 10 vehicles sold is electric.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool