Reported about 13 hours ago
Lucid Group (NASDAQ: LCID) is highlighted as an attractive investment for those looking to enter the electric vehicle market, especially for investors with as little as $200. Despite its valuation being below $10 billion, strong sales growth and optimistic forecasts for electric vehicle adoption in the U.S. position Lucid for potential growth. With its luxury models such as the Air sedan and Gravity SUV, Lucid is set to significantly increase its sales, expected to reach $1.69 billion this year. Investors are encouraged to keep an eye on its gross margins to assess profitability moving forward.
Source: YAHOO