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News  ›  The Motley Fool

The Biggest Reason to Buy Lucid Stock

The Motley Fool Logo The Motley Fool By John Rosevear
The Biggest Reason to Buy Lucid Stock

Lucid Group is expanding its vehicle production with the new Gravity SUV, aiming to increase annual production from 9,000 to 18,000 vehicles in 2025, with potential for future profitability as it approaches its 90,000 vehicle annual production capacity.

Insights
SOXX   negative

Semiconductor stocks tracked by the ETF dropped 7.4% for the week


LCID   neutral

The company is showing potential growth by ramping up Gravity SUV production and expanding from 9,000 to 18,000 vehicles annually, but is still far from profitability and has experienced stock price challenges