Lucid Stock Prediction 2025: 936% Revenue Growth

The vice president of design at Lucid is Derek Jenkins. Mr. Jenkins was formerly at Mazda, where he designed the 2016 MX-5 Miata, Shinari Concept, CX-5, Mazda6, Mazda3, and the 2017 CX-9. Before Mazda, he was the chief designer for Volkswagen North America.

Peter Hochholdinger is Lucid's vice president of manufacturing. He was also at Tesla, and before that, he was the senior director of production for Audi's A4, A5, and Q5.

So, what's this all getting at?

The management team at Lucid Motors knows how to build, design, and sell electric vehicles.

The Lucid Air is supposed to hit markets late 2021. There will be four editions of the EV with prices starting at $69,000 for the Lucid Air Pure and topping out at $169,000 for the Lucid Dream.

The Dream model delivers 1080 horsepower that can take the car a quarter-mile in 9.9 seconds at 144 mph. The Dream is said to top out at close to 170 miles per hour. The Lucid Air will be capable of traveling more than 500 miles before needing a recharge.

The Lucid Air may well be a serious rival for Tesla in the upper-end electric vehicle market. But here's where that gets tricky...

Lucid has not sold a single car yet.

Yes, Lucid has successfully landed 11,000 reservations across its Air product line. It also plans to roll out a luxury SUV called the Lucid Gravity in late 2023. It will be a long time before it produces and sells enough cars to turn a profit. If you're a true believer and willing to risk some speculative capital, you can stash this away for a few years and hope to see it rival Tesla.

If you're thinking more short term, then momentum is your friend.

There could still be a lot of excitement as the Lucid Air release date comes closer. It is an exciting car and is going to attract a lot of attention when it rolls out.

Enjoy the ride higher, use trailing stops to protect yourself from sharp drops, and bail at the first sign of weakness.

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William K. 1 month ago Member's comment

Well it seems like there is a good team of "top management" gathered, but are those folks actually engineers?? I have worked under assorted top managers and seen projects go down the toilet in spite of leaders who had great track records. So certainly poor managers can assure failure, but just having a team that won in the past does not assure winning in the future. And if a toxic culture is created then failure is almost certain.