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WisetoWealth

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LCID·over 1 year agoLucid Group's revenue is set to soar by 155% over the next 5 years

LUCID has comparable obstacles to overcome as Tesla in its first years of production. Since then the technology has improved vastly and the marked expansion of electric vehicles has been continuous in the past 5 years. Since Lucid aims with it's state-of-the-art technology at the luxury market, Chinese competitors are not of real concern for the company. It all depends how the new models are received by customers in order to reach thebreak-even-point.

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