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Is Lucid's Explosive Growth About to Hit a Speed Bump?
It's no secret that Lucid Group (NASDAQ: LCID) has faced its fair share of speed bumps already. The automaker has driven through increased competition, price wars, supply chain issues, recalls, and software issues -- just to name a few.But the young electric vehicle (EV) manufacturer finally broke through the noise and turned in a solid 2024. Already, however, it seems that 2025 could bring yet another speed bump. Should investors worry?Investors received a breath of fresh air in 2024 as the company finally achieved explosive sales growth. The EV maker ended the year with a bang, delivering 3,099 vehicles during the fourth quarter, which marked the fourth consecutive quarter with record EV deliveries. It ended the year with 10,241 total deliveries, which was up 70% from the prior year. Continue reading
It's no secret that Lucid Group (NASDAQ: LCID) has faced its fair share of speed bumps already. The automaker has driven through increased competition, price wars, supply chain issues, recalls, and software issues -- just to name a few.
But the young electric vehicle (EV) manufacturer finally broke through the noise and turned in a solid 2024. Already, however, it seems that 2025 could bring yet another speed bump. Should investors worry?
Investors received a breath of fresh air in 2024 as the company finally achieved explosive sales growth. The EV maker ended the year with a bang, delivering 3,099 vehicles during the fourth quarter, which marked the fourth consecutive quarter with record EV deliveries. It ended the year with 10,241 total deliveries, which was up 70% from the prior year.
